libby is considering two different positions within the same company. the first position, as a project…

libby is considering two different positions within the same company. the first position, as a project manager, offers a base salary of $70,000 with a potential performance bonus of up to 10% of the base salary. the second position, as a team lead, offers a base salary of $65,000 but comes with a guaranteed annual bonus of $8,000. which position would offer libby a higher potential maximum annual income?\nproject manager\nteam lead\nboth offer the same potential income.\nthe decision should be based on job responsibilities and growth potential.

libby is considering two different positions within the same company. the first position, as a project manager, offers a base salary of $70,000 with a potential performance bonus of up to 10% of the base salary. the second position, as a team lead, offers a base salary of $65,000 but comes with a guaranteed annual bonus of $8,000. which position would offer libby a higher potential maximum annual income?\nproject manager\nteam lead\nboth offer the same potential income.\nthe decision should be based on job responsibilities and growth potential.

Answer

Explanation:

Step1: Calculate potential income of Project Manager

Base salary of Project Manager is $70,000 and guaranteed annual bonus is $8,000. So total potential income = $70000 + $8000=$78,000.

Step2: Calculate potential income of Team Lead

Base salary of Team Lead is $65,000. Performance - bonus can be up to 10% of base salary. So maximum performance - bonus = 0.1×$65000 = $6,500. Total potential income with maximum bonus = $65000 + $6500+$8000 (guaranteed bonus)=$79,500.

Answer:

The Team Lead position would offer Libby a higher potential maximum annual income.