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Cogito

Consumer Math · Chapter 1 · Lesson 3

Practice Worksheet

Comparing Job Offers

Salary is only part of the package.

12 problems · about 21 minutes · TEKS M.M.1.C

NameDate

Figure — use these to answer the problems

Salary, benefits and job costs. The tallest salary bar does not always win once the other two are counted.
Salary500
Benefits80
Job costs40
Salary in hundreds500
Benefits in hundreds80
Job costs in hundreds40
Figure 1

Warm Up

Straightforward practice. Get the method working first.

5 problems

  1. A 6% match on a $40000 salary. Annual value in dollars?

    Answer

  2. Why can the higher salary be the worse offer?

    • Benefits and job costs can outweigh the salary difference.
    • It never can; more salary is always better.

  3. A 4% match on a $60000 salary. Annual value in dollars?

    Answer

  4. Salary $50000 plus $2500 benefits. Total compensation in dollars?

    Answer

  5. $53000 salary minus $3000 commuting. Real value in dollars?

    Answer

Build It Up

The same ideas with more to keep track of.

3 problems

  1. $10 a day for 250 days. Annual cost in dollars?

    Answer

  2. $52000 salary for 2600 hours a year. Hourly rate in dollars?

    Answer

  3. $52000 salary for 2080 hours. Hourly rate in dollars?

    Answer

Stretch Yourself

Mixed problems. Work out what kind of question it is before you start.

4 problems

  1. Which belong in total compensation rather than salary alone?

    • Employer-paid health insurance
    • Retirement match
    • Paid leave
    • The commute time
    • Tick every box that applies.

  2. Salary $45000, benefits $5000, job costs $2000. Net value in dollars?

    Answer

  3. The Match

    A 5% retirement match on a $50000 salary. How much per year, in dollars?

    Answerdollars

  4. The Commute

    $12 a day for 250 working days. Annual commuting cost, in dollars?

    Answerdollars