Samantha+Stalker

=Picture Practice= == =Budget Table=

(Note: You can only view the spreadsheet here. You must enter data from your actual Google Doc spreadsheet.) media type="custom" key="23110616" align="left"

=Getting a Job=



== = =
 * ~  ||~ [[image:Samanthanicole.png]] ||~   ||~   ||~   ||~   ||~   ||~   ||

Taxes

= = =Retirement Savings=
 * ~ Name of Tax ||~  ||~ Calculation of tax for the year (provide a complete formula for each tax's calculation) ||~   ||~ **Dollar amount of tax** ||~   ||~   ||~   ||
 * < **Social Security** ||  ||< 45,089x.062 ||   || $2,795.52 ||<   ||
 * < **Medicare** ||<  ||< 45,089x.0145 ||   || $653.79 ||
 * < **Federal income tax** ||<  ||<   ||   || $ 7,644.00 ||
 * < **PA income tax** ||<  ||< 45,089x.0307 ||   || $1,384.23 ||
 * <  ||<   ||> **Total for //year//:** ||   || $12,477.54 ||
 * ||  || **Total for //each month//:** ||   || $1,040.00 ||


 * **__//Gross//__ //__monthly__// income - $3,757** ||  ||
 * **Retirement savings rate (as a percentage) 10%** ||  ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).**
 * $375.70** ||  ||
 * **Calculate how much money you will have at retirement at age 70 if you invest your budgeted amount at __ 6% __ yield. Use the compound interest spreadsheet calculator to do this. Assume your starting age is 22. You will need to calculate your annual contribution (principal) by multiplying your monthly retirement savings (above) by 12.**
 * **Calculate how much money you will have at retirement at age 70 if you invest your budgeted amount at __ 6% __ yield. Use the compound interest spreadsheet calculator to do this. Assume your starting age is 22. You will need to calculate your annual contribution (principal) by multiplying your monthly retirement savings (above) by 12.**


 * $1,226,097** ||  ||
 * **Calculate how much money you will have at retirement at age 70 if you invest your budgeted amount at __8%__ yield. Use the compound interest spreadsheet calculator to do this. Assume your starting age is 22. You will need to calculate your annual contribution (principal) by multiplying your monthly retirement savings (above) by 12.**

Your responses here:
 * $2,582,277** ||  ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did?**
 * **What are the opportunity costs for your choice?** *
 * **What are the opportunity costs for your choice?** *

1) That is what we decided in class. 2) We have to make the choice of saving or not saving. If you don't save you could spend it on small luxury items but if you do this and have nothing for the future you could end up having nothing. ||

=Housing=

540sqft ||  || Floor to ceiling windows 24 hour Security Short term lease ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $815.40 ||  ||
 * Monthly rent for your apartment/house: || $725 ||  ||
 * Location || Newark, NJ ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || Studio Apartment
 * Selling features (What makes this a great apartment?) || Commute to New York
 * Possible downsides || Small place ||  ||
 * Parking || Secure parking. ||  ||
 * Included utilities || None ||  ||   ||
 * Security deposit requirement || yes, $500 ||  ||
 * Restrictions on pets? || unknown ||  ||
 * Length of lease || Short term ||

=Transportation=

**Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $74.10 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $175 ||
 * **Gas** ||  || $65 ||
 * || **Monthly total** || $314.10 ||

=Insurance=

(to be entered on budget spreadsheet): || $296.42 ||
 * = **Total Insurance Costs for Car, Rental, and Health Insurances ** ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Car Insurance: monthly premium (website quote divided by six months): ||> $176 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: || $20.42 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Health Insurance monthly premium: || $100 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">**Total** monthly cost for insurance premiums
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Health Insurance monthly premium: || $100 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">**Total** monthly cost for insurance premiums






 * Utilities **


 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $203.77 ||
 * **Water** || $25 per month (if not included in rent) || $25 ||
 * **Sewer** || $25 per month (if not included in rent) || $25 ||
 * **Trash removal** || $15 per month (if not included in rent) || $15 ||
 * || **Monthly total:** || $268.77 ||

= = =Communications=


 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  ||   ||
 * **Land line** ||  ||   ||
 * **TV** ||  ||
 * **Internet** ||  ||
 * || **Total monthly cost:** || $119 ||




 * Food and Household Items **




 * Miscellaneous **

Equestrian

=Questionnaire and Video=