Answer
There is no reason to be concerned with multicollinearity.
Work Step by Step
In MINITAB, enter the Work Experience values in C1, the Level of Education values in C2 and the Annual Income values in C3.
Select Stat -> Basic Statistics -> Correlation
In variables enter C1 C2 C3. You may deselect "Display p-values"
Click OK.
Since the correlation between Work Experience and Level of Education is not greater than 0.7 or less than -0.7, there is no evidence that multicollinearity exists.
