Adv. Financial Algebra Unit $2-2$ Post$-$Graduation$-$Decisions

Part $6$: Calculating Annual Income

Now that you have researched and learned about many post$-$secondary options other than attending a $4-$year college or university, let's calculate your annual income based on the options you have learned about.

Scenario $1$:

Juan decides to enlist in the Air Force after high school. He receives a $$10,000$ signing bonus. Use this table to calculate his basic pay which depends on his rank$/$pay grade and years of service. During his first year, he will be living on base, so he does not need any special allowances or incentives. He will start as an $E-1,$ but will be promoted to $E-2$ after basic training. Calculate Juan's first year's annual income.

$(8$ months $31,733,00)+(8$ months $2,149\mathrm{.}20)=w^{\text{'}}$

$$7\mathrm{.}092\mathrm{.}00+$$$17,193\mathrm{.}60=$$$=24,235\mathrm{.}60$

$\backslash$table$[[$Pay Grade,$2$ Years or Less,Over $2,$Over $4,$Over $6],[$E$.7,3,445\mathrm{.}80,$$$3,760,80,53,905,70,$$$4,09530$