1 "Suppose you are currently working as a bank teller in your hometown. Your job pays $11 per
hour, with 10% taxes taken out of each paycheck. For simplicity, assume you have to work 260
days of the year (you don't work weekends), 8 hours a day. By carefully budgeting you can keep
you monthly expenses to about $1500.
But now another job offer has come up. You have the opportunity to become an assistant
manager. The only catch is that you'll have to move to a new branch of the bank opening up in a
nearby metropolitan area. So here are the details:
The assistant manager salary starts at $32,000. This puts you into the next tax bracket, which
means that you will pay $2500 plus 15% of the amount earned over $25,000. Because you are
moving to a bigger city, your living expenses will rise as well. After a little research, you determine
that your monthly expenses will probably be around $2000.
Should you make the move and take the job offer?