The annual income of Janice when she accepts new job in Chicago be after paying rent, transportation, and food is, $409190.
Total cost or the final cost is the summation of all the cost spend while buying any good or taking any service.
Janice has been offered a job in Chicago where her current salary of $30,000 will increase by 20 percent. Thus, his new salary is,
[tex]S=\dfrac{100+20}{100}\times30000\\S=36000[/tex]
He gets 6000 thousand extra after increment. Her annual income is,
[tex]S=36000\times12\\S=432000[/tex]
Before accepting the position, Janice wants to understand her potential cost of living.
Janice works 5 days a week for 52 weeks per year. Her annual income be after paying rent, transportation, and food is,
[tex]S=432000-1500\times12-3.50\times5\times52-75\times52\\S=409190[/tex]
Thus, the annual income of Janice when she accepts new job in Chicago be after paying rent, transportation, and food is, $409190.
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