Question

Donivan Tech. Donivan tech offered Sharon a full-time management position with a contract that offers a yearly salary of $50,310 and 3 weeks paid vacation. Since a salaried position does not pay hourly rate, Sharon will not be paid for hours worked above 40 hours per week. Sharon estimates she will work an average of 45 hours per week when she considers travel time for the extra work commitment required for managers. Federal and state taxes, as well as our taxable income brackets, often vary, but Sharon estimates her payroll deductions will be 17% of her gross salary.
Job 2: J&R Financial Group. A part-time position as a personal Assistant Manager was offered to Sharon by J&R Financial. This position requires a work week schedule of 6 hours per day, 5 days a week, pays an hourly rate of $20.50, and includes 2 weeks paid vacation. Sharon determined that the round trip commute to work is only 5 miles, and therefore will not increase her work day significantly. Since the workdays are shorter, after-school daycare for her child in second grade will be reduced to $25 per week, and daycare for her preschool child will decrease to $150 a week. Sharon estimates that the reduced work schedule will also decrease her extra expenses to $25 per week and payroll deductions to 12% of her gross salary, but it will not affect her clothing expenses

Answer 1

gross earnings per week , hourly wage for a 45 hour work

Answer 2

payroll deductions

Answer 3

The salary will be based on 52 weeks:

Answer 4

@belen24 I'm only interest in solving the post if the poster participate in ;)

Answer 5

Donivan Tech. Donivan tech offered Sharon a full-time management position with a contract that offers a yearly salary of $50,310 and 3 weeks paid vacation. Since a salaried position does not pay hourly rate, Sharon will not be paid for hours worked above 40 hours per week. Sharon estimates she will work an average of 45 hours per week when she considers travel time for the extra work commitment required for managers. Federal and state taxes, as well as our taxable income brackets, often vary, but Sharon estimates her payroll deductions will be 17% of her gross salary.
Job 2: J&R Financial Group. A part-time position as a personal Assistant Manager was offered to Sharon by J&R Financial. This position requires a work week schedule of 6 hours per day, 5 days a week, pays an hourly rate of $20.50, and includes 2 weeks paid vacation. Sharon determined that the round trip commute to work is only 5 miles, and therefore will not increase her work day significantly. Since the workdays are shorter, after-school daycare for her child in second grade will be reduced to $25 per week, and daycare for her preschool child will decrease to $150 a week. Sharon estimates that the reduced work schedule will also decrease her extra expenses to $25 per week and payroll deductions to 12% of her gross salary, but it will not affect her clothing expenses.1. Donivan Tech
Gross earnings per week: ___________
Hourly wage for a 45-hour work week: __________
2. J&R Financial Group
Gross earnings per week: _________
Yearly gross earnings: _________
3. Based on Sharon’s gross income, _________
pays higher hourly rate. The higher rate is
_________ per hour higher.
4. (a) Calculate yearly job-related expenses for position at Donivan tech. Be sure to include payroll deductions.
(b) Job-related expenses would account for what percentage of Sharon’s gross yearly earnings?
5. (a) Calculate the yearly job-related expenses for the position at J&R Financial Group. Be sure to include payroll deductions.
(b) Job-related expenses would account for what percentage of Sharon’s gross yearly earnings?
6. For each of the positions, what is Sharon’s net employment income per year? Per week? Per Hour?
(a) Donivan Tech
(b) J&R Financial Group
7. Which job do you think Sharon should take? Why?

Answer 6

so I take 52 into what

Answer 7

Start with $50,310/ 52 = ...

Answer 8

that equals $967.5

Answer 9

yes that is the gross income per week

Answer 10

$967.69/45 = 21.50 ?

Answer 11

Now can you fill in
2. J&R Financial Group Gross earnings per week: _________
Yearly gross earnings: ______

Answer 12

20.50x6x=$615 for gross earning ?

Answer 13

$615x52=$31,980for yearly gross earning?

Answer 14

thank you and how will I do the next step ?

Answer 15

You should include the paid vacation, though!

Answer 16

33,210 ?

Answer 17

3 weeks paid will be $2903

Answer 18

so what do I do with that #

Answer 19

so the yearly gross will be 34,883

Answer 20

?

Answer 21

how do i get the higher rate

Answer 22

I'm thinking about salary term!
It seems 3- wk paid vacation doesn't match up!

Answer 23

so do not include the 3 weeks paid ?

Answer 24

so the 3 weeks was already included

Answer 25

so her based income is 21.50 how do i get the higher rate

Answer 26

J & R pays an hourly rate of $20.50

Answer 27

yes thats what i meant

Answer 28

how do i start with #4

Answer 29

3. Based on Sharon’s gross income, _Donivan_ pays higher hourly rate. The higher rate is _________ per hour higher.
21.50 - $20.50 = ...? ( I don't know why you asking this ?? )

Answer 30

#4
Donivan 17% of gross salary!

Answer 31

sorry got confused for a minute

Answer 32

Donivan expense: $50,310 * .17 = ....

Answer 33

other part was sharon is currently not employed outside the home and has two children one preschool age and one in second grade before deciding if she should take a job sharon estimated her job related expenses as follows preschool daycare $175 per week afterschool program $75 per week transportation 0.35 per mile clothing expenses $25 per week and extra $50 per week during vacation sharon will not incur any job related expenses she accounted for this fact in her budget

Answer 34

do I take 175x52

Answer 35

( $175 + $75 + $25 + $50) * 52 wks = ...

Answer 36

so will that is $1600 is that for question 4. part a ?

Answer 37

It's for the part "unemployed expense" that you just posted!

Answer 38

ok and so how would I get question 5.a

Answer 39

Expense + tax deduction:
( $25 + $150 + $25 )* 52 wks + 12% of her gross salary,

Answer 40

Good luck for continuing it :)

Answer 41

so it will be 1475.12 for 5.a

Answer 42

i got it $698

Answer 43

thank you for all your help