Douglas S. answered • 05/18/18

Minimize Entropy

So, total benefit is calculated in the manner below:

Annual Earnings = (Annual Wages)(1 + Benefit Percent/100%) - Annual Expenses

Annual Earnings = (Annual Wages)(1 + Benefit Percent/100%) - Annual Expenses

So for Job 1:

Annual Earnings, Job 1 = ($45,300)(1 + 31%/100%) - $3,300

= $59,343 - $3,300 = $56,043

So for Job 2:

Annual Earnings, Job 1 = ($47,000)(1 + 29.5%/100%) - $3,750

= $60,865 - $3,750 = $57,115

Job 2 has greater annual earnings, the difference being $1,072.

Annual Earnings, Job 1 = ($45,300)(1 + 31%/100%) - $3,300

= $59,343 - $3,300 = $56,043

So for Job 2:

Annual Earnings, Job 1 = ($47,000)(1 + 29.5%/100%) - $3,750

= $60,865 - $3,750 = $57,115

Job 2 has greater annual earnings, the difference being $1,072.