The first position is in Pennsylvania, earning $50,000 a year. You found a starter duplex that you can purchase with the assessed value of $75,000. Property taxes average 2.975% of the purchase price. The state sales tax is 6% on purchases, but this does not apply to food and clothing. The state income tax is 3%.
The second offer is in Maryland. You would earn $65,000, with a starter duplex assessed at $135,000. In Maryland, property taxes are 2.4% of the purchase price of the property. The sales taxes are 1% higher than in Pennsylvania, and it also applies to food and clothing.

Question

The first position is in Pennsylvania, earning $50,000 a year. You found a starter duplex that you can purchase with the assessed value of $75,000. Property taxes average 2.975% of the purchase price. The state sales tax is 6% on purchases, but this does not apply to food and clothing. The state income tax is 3%.
The second offer is in Maryland. You would earn $65,000, with a starter duplex assessed at $135,000. In Maryland, property taxes are 2.4% of the purchase price of the property. The sales taxes are 1% higher than in Pennsylvania, and it also applies to food and clothing.

anonymous · Answer

Maryland's state income tax is 1.5% higher than Pennsylvania's.

anonymous · Answer

What is the difference in cost of living between the 2 locations based on the differences in sales tax, income tax, and property tax?
What factors will you consider when deciding which job to choose?
What would be the better offer for you? Why? Explain in detail.

anonymous · Answer

Ok thanks

wasiqss · Answer

first thing is calculate property,sales ,income tax for both housing, do that then i let u know wut to do next

anonymous · Answer

How do i calculate this ?

wasiqss · Answer

by multiplying the principal amount of house with the tax
like if the tax of house is 5 % and principal amount of house is 50,000
then 
tax wud b
50000*(5/100)