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Michael is considering two job offers. • The manager positionpays a salary of $59,000.00 per year and includes two weeks of paidvacation, five sick days per year, paid health insurance and afully paid retirement plan. • The technician position pays anhourly wage of $30.00 per hour and includes five vacation days peryear, five sick days per year, health insurance costs $35.00 permonth, and a retirement plan that costs 1% of after tax income. Thegovernment takes out 6.2% for Social Security, 1.45% for Medicare,and 15% for income tax. Assume that Michael will take 10 vacationdays and five sick days per year. 5-Calculate the after tax monthlyincome for the technician position. 6-The manager position includestwo weeks (10 days) of vacation. Calculate the monthly cost forvacation for the manager position. Explain how you calculated youranswer. 7-Calculate the monthly cost of a retirement plan for thetechnician position. 8-Calculate the NET monthly income for themanager position. Recall that "net" means after all deductions aretaken, including taxes, health insurance, vacation, sick leave andretirement. 9-Calculate the NET monthly income for the technicianposition. Recall that "net" means after all deductions are taken,including taxes, health insurance, vacation, sick leave andretirement.