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Mathematics, 20.08.2021 14:00 tonhill6923
2. Kay is trying to decide between two job offers. The compensation package for
job A includes 80% of the cost of a $300-per-month health insurance plan, 90% of
the cost of a $40-per-month life insurance plan, a salary of $65,000 per year, and
a 5% match on 401(k) contributions. The compensation package for job B
includes 70% of the cost of a $400-per-month health insurance plan, 80% of the
cost of a $50-per-month life insurance plan, a salary of $64,000 per year, and a
10% match on 401(k) contributions. Kay plans to contribute $8000 per year to her
401(k) plan. (7 points: Part 1 - 2 points; Part II - 2 points; Part III - 2 points; Part IV-
1 point)
Part I: What is the yearly value of the health insurance benefit from job A? How
about the yearly value of the health Tsurance benefit from job B?
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Answers: 2
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2. Kay is trying to decide between two job offers. The compensation package for
job A includes 80%...
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