Question

Olivia is a land surveyor who earns $56,700 annually. She receives a monthly cell phone allowance of $22.50. She spends about $55 per month out of her own pocket for fuel to drive to different work sites. She has received a job offer for an office-based position as a survey analyst. It pays an annual base salary of $62,370. However, she will need to join the municipal workers labor union with dues of $11.55 per month. She will also have to pay $45 per month to park in the city garage. Which job has the higher annual value?

Answer 1

the job as a survey analyst has the higher annual value for Olivia ($62,064 vs $56,540).

Explanation:

To calculate which job has the higher annual value for Olivia, we need to compare her total earnings from each job after accounting for her expenses.

Job 1: Land Surveyor

Annual salary: $56,700

Monthly cell phone allowance: $22.50

Monthly fuel expenses: $55

Annual value = $56,700 + $22.50/month * 12 months - $55/month * 12 months = $56,540

Job 2: Survey Analyst

Annual base salary: $62,370

Monthly union dues: $11.55

Monthly parking expenses: $45

Annual value = $62,370 - $11.55/month * 12 months - $45/month * 12 months = $62,064

Therefore, the job as a survey analyst has the higher annual value for Olivia ($62,064 vs $56,540).

Note: This calculation does not include other factors that Olivia may want to consider when making her decision, such as benefits, job security, work-life balance, etc.