Question

Bill Mason is considering two job offers. Job 1 pays a salary of $43,300 with $5,310 of nontaxable employee benefits. Job 2 pays a salary of $40,500 and $6,380 of nontaxable benefits. Use a 20 percent tax rate.

Answer 1

43,300 * 0.8 = 34,640

34,640 + 5,310 = ?

40,500 * 0.8 = 32,400

32,400 + 6,380 = ?

Answer 2

What does it mean by 401k Investment Vehicles?