You are considering 3 different job offers in education publishing:1. You can work at McCray-Hall educational publishing as an editor with a salary of $46,500 per year. In addition to the regular federal holidays, the company permits 10 days of selected leave (sick or vacation). The contract assumes you will actually work a minimum of 240 days per year (any less and salary will be deducted). Each day will consist of 8 working hours. The 8 working hours does not include time for lunch.2. You can work at e-Learning designing online curriculum. At e-Learning, you will be paid an hourly wage of $26.00 per hour. The company expects you to work 5 days a week from 9:00 am to 6:00 pm with an hour off for lunch, which you must clock out for.The office will be closed on all federal holidays for which you will not be paid because you are not working. There are usually 10 recognized federal holidays of which 1 usually falls on a weekend).3. The third offer is to sell textbooks for Allison-Weddly Publishing. Allison Weddly offers to pay $10 per hour, a 2.8% commission on all sales, and all business related travel expenses, including a company car to drive. With this job, you will be able to set your own hours so that they meet the needs of your customers. Based on previous employees in the area you will support, the average sales per month is from $60,000 to $100,000 (depending on ability), and the average sales person logs 2,300 hours of work per year. (Since you are just starting at this job, you can assume your sales will be $60,000).Estimate the gross annual income for each job offer, the total number of hours worked for the year, and the effective hourly rate. Fill in the Gross Annual Income table below with your calculations and answers. Editor(McCray-Hall)Designer(e-Learning)Salesperson(Allison-Weddly)GROSS Monthly IncomeSocial Security (6.2%)Medicare (1.2%)State Income Tax (5%)Federal Income Tax (14%)Life InsuranceMedical Insurance PremiumRetirement CostsNET Monthly Income Salary Calculations TablesFill in the tables below and use them to complete the daily check associated with this lesson.Gross Annual IncomeEditor(McCray-Hall)Designer(e-Learning)Salesperson(Allison-Weddly)Gross AnnualIncomeAnnual HoursWorkedEffectiveHourly RateGross and Net Monthly IncomeEditor(McCray-Hall)Designer(e-Learning)Salesperson(Allison-Weddly)GROSS Monthly IncomeSocial Security (6.2%)

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Gross Annual Income CalculationsEditor (McCray-Hall):Gross Annual Income: $46,500 (Given)Designer…