To calculate the annual salary for each job, we'll first determine the total monthly salary and then add any applicable bonuses.
First Job:
- Monthly Salary: $4200
- Annual Bonus: $4500
Annual salary = (Monthly Salary × 12) + Annual Bonus Annual salary = ($4200 × 12) + $4500 Annual salary = $50,400 + $4500 Annual salary = $54,900
Second Job:
- Monthly Salary: $3100
- Rent Contribution: $600 (monthly)
- Annual Bonus: $500
Total monthly income for the second job = Monthly Salary + Rent Contribution Total monthly income = $3100 + $600 = $3700
Annual salary = (Total Monthly Income × 12) + Annual Bonus Annual salary = ($3700 × 12) + $500 Annual salary = $44,400 + $500 Annual salary = $44,900
Summary:
- First Job Annual Salary: $54,900
- Second Job Annual Salary: $44,900