There are two different jobs Mike is considering. The first job will pay him $4200 per month plus an annual bonus of 4500. The second job pays $3100 per month plus $600 per month toward his rent and an annual bonus of $500. How much would his annual salary be for each job?

Question

There are two different jobs Mike is considering. The first job will pay him $4200 per month plus an annual bonus of 4500. The second job pays $3100 per month plus $600 per month toward his rent and an annual bonus of $500. How much would his annual salary be for each job?
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First job:
Second job:

GPT-4o mini · Answer

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