Which job should you take? After completing your degree, you have a choice betwe

Question

Which job should you take? After completing your degree, you have a choice between 2 jobs. Suppose that you do not have a preference in location and have been given the following offers:

•The first position is in Pennsylvania, earning $50,000 a year. You found a starter duplex that you can purchase with the assessed value of $75,000. Property taxes average 2.975% of the purchase price. The state sales tax is 6% on purchases, but this does not apply to food and clothing. The state income tax is 3%.
•The second offer is in Maryland. You would earn $65,000, with a starter duplex assessed at $135,000. In Maryland, property taxes are 2.4% of the purchase price of the property. The sales taxes are 1% higher than in Pennsylvania, and it also applies to food and clothing. Maryland's state income tax is 1.5% higher than Pennsylvania's.
You estimate your annual purchases are approximately $18,000, plus an additional $6,000 in food and clothing.

•With the data above, complete the following table, with all values rounded to the nearest cent. Note that the Difference column is the difference between Pennsylvania’s and Maryland’s values.

Explanation / Answer

sorry i do not know how to explain it to you step by step. but i will tell you this, that i would take the first job even though it has a lower pay as job two pays more, but if you look closely, everything is so expensive, that the pay would not even out what you would be spending if you took the job.

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