A. $1,117.50 B. $4,977.65 C. $4,922.35 D. $3,867.50 Fred is considering three job offers in advertising.A full-time position as a coordinator that pays a salary of $40,000 per year.• A full-time position as a designer that pays an hourly wage of $28. The job assumes five 8-hour days per week.A sales representative that pays a 5% commission. Sales reps typically sell an average of $100,000 per month in advertising.The following are the specifics about the benefits of the job opportunities:The U.S. government will deduct Social Security (6.2%) and Medicare (1.45%).• Fred will deduct 15% of Gross Income to cover Federal Income Tax.• Fred does not live in a state with State Income Tax.• Fred is planning on taking two weeks of vacation and has typically been sick 3 days per year.• The Coordinator job includes two weeks of paid vacation and five paid sick days per year, paid health insurance, life insurance costing $35 per month, and a fully paid retirement plan.• The Designer job includes five paid vacation days and three paid sick days per year, paid health insurance, life insurance costing $35 per month, and a retirement plan that costs 3% of after taxincome.• The Sales job has no paid vacation or sick days, paid health and life insurance, and a retirement plan that costs $350 per month.What is the AFTER-TAX MONTHLY INCOME for the SALES position?

Name: A. $1,117.50 B. $4,977.65 C. $4,922.35
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Description: A. $1,117.50 B. $4,977.65 C. $4,922.35 D. $3,867.50 Fred is considering three job offers in advertising.A full-time position as a coordinator that pays a salary of $40,000 per year.• A full-time position as a designer

Gross income is the income which an employee earns during the year or month and on which there has…

Answered: What is the AFTER-TAX MONTHLY INCOME…

Business

Accounting

What is the AFTER-TAX MONTHLY INCOME for the SALES position?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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