2. Financial aspects of employment

Jeff and Julia are friends from college and both have received offers for entry level positions at a San Francisco corporation in their related fields. Jeff and Julia would like to room together in San Francisco.

Consider Jeff and Julias personal situations, assuming the city indices are:

Boston:	151
San Francisco:	135
Cleveland:	99

Consider the following scenarios and answer the questions that follow.

Note: Round your answers to the nearest whole dollar.

Jeff

Jeff is from Boston, where the cost of living is higher than it is in San Francisco. Jeffs parents are discouraging him from taking the position because they would like him to live at home for a while, find a job in the area, and save some money. Jeff has already convinced his parents that he will live on his own even if he finds a job in Boston. Jeff took a personal finance course and knows how to compare salaries in different cities. Jeff has been offered $25,000 to work in San Francisco.

A comparable offer in Boston would be

.

Julia

Julia is from Cleveland, where the cost of living is lower than it is in San Francisco. Julias parents are encouraging her to take the position because jobs are hard to come by in Cleveland and she will be able to get a good start to her career and save some money. Now, she wants to make sure that the offer in San Francisco is worth the move. Julia has been offered $30,000 to work in San Francisco.

The equivalent salary in Cleveland is

.