Question

Job A is within walking distance from your apartment. The weekly net or take-home pay is $290. Job B pays $325 weekly in net pay and requires you to take the bus from your apartment. A full fare bus pass will cost $140 per month. Which job is the best option, financially? (Assume 4 weeks per month.)

A. Job A
B. Job B
C. Both are equal
D. Cannot be determined

Answer 1

Job A is the best option financially.

Step-by-step explanation:

To determine which job is the best option financially, we need to compare the net pay of each job after deducting the cost of the bus pass for Job B.

For Job A, the weekly net pay is $290.

For Job B, the weekly net pay is $325 and the monthly cost of the bus pass is $140. Since there are 4 weeks in a month, the total cost of the bus pass is $140 x 4 = $560.

Subtracting the cost of the bus pass from the weekly net pay for Job B, we get: $325 - $560 = -$235.

Since the result is negative, it means that Job B will have a negative net pay after deducting the cost of the bus pass. Therefore, Job A is the best option financially.