Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the first job, you will work 40 hours a week in an hourly wage position (Best Buy, Academy Sports, etc.) You select the place

image text in transcribed
image text in transcribed
In the first job, you will work 40 hours a week in an hourly wage position (Best Buy, Academy Sports, etc.) You select the place where you want to work, and you can choose any hourly wage up to $12 per hour. If you are already making more than $12/hr in a job, then tell your teacher if you plan to keep it after you graduate from high school. If you plan to work in a restaurant waiting tables, then your salary will depend on the kind of restaurant in which you work In the second job, you will select a career that requires some work experience and/or some type of training or a need to be certified, but not a 4-year college degree. There are two options to choose from: Option 1: You have already made arrangements for this kind of work through your network of family and friends. For example, you may have an uncle who owns a towing or construction company, and he may give you a job driving a tow truck after some training. Explore average pay for this type of job on www.salary.com., indeed.com, mo n, or any website you can and use the salary for your second job option. Option 2: You can attend a technical college such as Athens Tech. You pursue a 2-year degree/certification in the field of your choice (ex: medical technician, mechanic, plumber, cosmetology, etc.). Explore salaries on www.salary.com, indeed.com, monster.com, or any website you can and use the salary you find for the second job option. In the third job, you will select an entry-level position in the field of your choosing after earning a bachelor's college degree (4 year degree only). Explore salaries on www.salary.com, indeed.com, monster.com, and use the salary you find for the third job option. For each of the three jobs, find the "Income Information" for each job whether it's hourly, weekly, monthly, or annual salary. Enter that information below and breakdown each salary to find the net salary for each. Salary Exploration - Summary Table Job: Job #1 Job #2 Job #3 (Hourly wage - no (Some Training) (College Degree) special skills required) Income Information Gross Annual Income Gross Monthly Income Social Security Tax Withheld per month (6.2%) Medicare Tax Withheld per month (1.45%) Income Tax Withheld per month (15%) After Tax Income per month Retirement Plan (deduct 3% of After- Tax Monthly Income for retirement) Monthly Net Pay

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Geometry, Structure And Randomness In Combinatorics

Authors: Ji?í Matousek, Jaroslav Nešet?il, Marco Pellegrini

1st Edition

887642525X, 9788876425257

More Books

Students also viewed these Mathematics questions

Question

2. Value-oriented information and

Answered: 1 week ago

Question

1. Empirical or factual information,

Answered: 1 week ago

Question

1. To take in the necessary information,

Answered: 1 week ago