Question

Job A pays $13.00 per hour. Job B pays $11.00 per hour but has health benefits. Health insurance costs $3,400 per year. You expect to work 2,000 hours during the year. Ignoring taxes, which job will leave you with more money at the end of the year?

Answer 1

So we want to know which job will earn us more money, job A or job B. First lets calculate how much money will earn with job A: Ma=13$*2000=26000$. Mb=11$*2000=22000$. Health insurance costs 3400$ per year so while we are working our job A we have to subtract that: so 26000$-3400$=22600$. So on job A we earn 600$ per year more than on job B.