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  • Salary Calculations

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    Dennis Chen
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    This document compares the salary, bonuses, taxes, expenses, and cost of living between two potential job offers in Cincinnati and Atlanta. It calculates a variable A which represents the take home pay after taxes and expenses for each city, factoring in differences in bonuses, tax rates, assumed living expenses, and cost of living increases. The Atlanta job offers a higher base salary but no cash bonus, while the Cincinnati job has a lower base salary but a cash bonus and slightly lower taxes and assumed expenses.

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    This document compares the salary, bonuses, taxes, expenses, and cost of living between two potential job offers in Cincinnati and Atlanta. It calculates a variable A which represents the take home pay after taxes and expenses for each city, factoring in differences in bonuses, tax rates, assumed living expenses, and cost of living increases. The Atlanta job offers a higher base salary but no cash bonus, while the Cincinnati job has a lower base salary but a cash bonus and slightly lower taxes and assumed expenses.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    16 views2 pages

    Salary Calculations

    Uploaded by

    Dennis Chen
    This document compares the salary, bonuses, taxes, expenses, and cost of living between two potential job offers in Cincinnati and Atlanta. It calculates a variable A which represents the take home pay after taxes and expenses for each city, factoring in differences in bonuses, tax rates, assumed living expenses, and cost of living increases. The Atlanta job offers a higher base salary but no cash bonus, while the Cincinnati job has a lower base salary but a cash bonus and slightly lower taxes and assumed expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Cincinnati - Ethicon Comments Atlanta - Amendia

    75000 𝐵𝑎𝑠𝑒 𝑆𝑎𝑙𝑎𝑟𝑦_𝐸𝑡ℎ𝑖𝑐𝑜𝑛 91550


    1.08 𝐶𝑎𝑠ℎ 𝐵𝑜𝑛𝑢𝑠_𝐸𝑡ℎ𝑖𝑐𝑜𝑛 No Cash Bonus
    1 Baseline 1.1
    0.75 𝑇𝑎𝑥𝑅𝑎𝑡𝑒 0.75
    1 Baseline 1.15
    24000 Assumed 𝐸𝑥𝑝𝑒𝑛𝑠𝑒 26400

    𝐴=((𝐵𝑎𝑠𝑒 𝑆𝑎𝑙𝑎𝑟𝑦_𝐸𝑡ℎ𝑖𝑐𝑜𝑛∗𝐶𝑎𝑠ℎ 𝐵𝑜𝑛𝑢𝑠_𝐸𝑡ℎ𝑖𝑐𝑜𝑛∗𝑇𝑎𝑥𝑅𝑎𝑡𝑒−𝐸𝑥𝑝𝑒𝑛𝑠𝑒)∗𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑂𝑓𝐿𝑖𝑣𝑖𝑛𝑔_𝐼𝑛𝑐𝑟𝑒𝑎𝑠𝑒+𝐸𝑥𝑝𝑒𝑛𝑠𝑒∗𝐶𝑜𝑠𝑡𝑜𝑓𝐿𝐼𝑣𝑖𝑛𝑔


    Comments
    This is the Variable A

    𝐶𝑜𝑠𝑡𝑜𝑓𝐿𝐼𝑣𝑖𝑛𝑔_𝐼𝑛𝑐𝑟𝑒𝑎𝑠𝑒, Cost of living is 10% higher overall


    Assumed to keep 75% of my salary in both cities
    𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑂𝑓𝐿𝑖𝑣𝑖𝑛𝑔_𝐼𝑛𝑐𝑟𝑒𝑎𝑠𝑒, I save 15% more money
    Adjusted Expense for Atlanta

    𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑂𝑓𝐿𝑖𝑣𝑖𝑛𝑔_𝐼𝑛𝑐𝑟𝑒𝑎𝑠𝑒+𝐸𝑥𝑝𝑒𝑛𝑠𝑒∗𝐶𝑜𝑠𝑡𝑜𝑓𝐿𝐼𝑣𝑖𝑛𝑔_𝐼𝑛𝑐𝑟𝑒𝑎𝑠𝑒)/𝑇𝑎𝑥𝑅𝑎𝑡𝑒

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