Jameel+Sabur

=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="11994175" align="left"

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=Getting a Job= =  = = = = = = = = = = = =Taxes=


 * ~ Name of Tax ||~  ||~ Calculation of tax for the year (provide a complete formula for each tax's calculation) ||~   ||~ **Dollar amount of tax** ||~   ||~   ||~   ||
 * < **Social Security** ||  ||< 92,104 ||   || 5526.24 ||<   ||
 * < **Medicare** ||<  ||< 92,104 ||   || 138.15 ||
 * < **Federal income tax** ||<  ||< 92,104 ||   || 827.54 ||
 * < **PA income tax** ||<  ||< 92,104 ||   || 2827.59 ||
 * <  ||<   ||> **Total for //year//:** ||   || 9319.52 ||
 * ||  || **Total for //each month//:** ||   || 776.62 ||

= = =Retirement Savings=

Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income - 92,104/12** || 7675 ||
 * **Retirement savings rate (as a percentage)** || 10% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).7675x.10** || $767 ||
 * 767x12= 9319 ||  ||
 * **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.** || 2.69mil ||
 * **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.** || 5.33mil ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did? I felt it was a good percentage. I felt that the percentage was not to high either**
 * **What are the opportunity costs for your choice?I could be spend my money on housing or insurance and other things like that.**
 * **What are the opportunity costs for your choice?I could be spend my money on housing or insurance and other things like that.**

=Housing=


 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || 2,069 ||  ||
 * Monthly rent for your apartment/house: || 1,395 ||  ||
 * Location || Valley Forge, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || * Air Conditioning
 * Alarm System
 * Cable or Satellite
 * Carpet
 * Cats Allowed
 * Club House
 * Controlled Access
 * Corporate Housing
 * Courtyard
 * Dishwasher
 * Extra Storage
 * Freeway Access
 * Furnished Available
 * Garages
 * Garbage Disposal
 * Internet Access
 * Loft
 * Microwave
 * Patio or Balcony
 * Pets Allowed
 * Public Transportation
 * Small Dogs Allowed
 * Spa
 * Tile Floors
 * Vaulted Ceiling
 * View
 * Walk In Closets
 * Washer Dryer In Unit
 * Water Sewer and Trash
 * Window Covering
 * Pool
 * Apartment
 * Large Dogs
 * Verizon FiOS ||  ||
 * Selling features (What makes this a great apartment?) || * Nine-foot ceilings
 * Private balconies with river views
 * Granite Countertops with breakfast seating
 * State-of-the-art fitness center
 * Resort-style swimming pool
 * Full-size washer and dryer in every apartment home
 * Gas heat and cooking
 * Garage parking ||  ||
 * Possible downsides ||  ||   ||
 * Parking || Garage parking ||  ||
 * Included utilities || Gas heat ||  ||   ||
 * Security deposit requirement || no ||  ||
 * Restrictions on pets? || Pets allowed. Dogs and Cats ||  ||
 * Length of lease ||

=Transportation=

=Insurance=
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator)7999 || 180 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || 75 ||
 * **Gas** || 24mpg - 1000/24= 41.6x3 || 125 ||
 * || **Monthly total** || 380 ||

<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">(to be entered on budget spreadsheet): || 495.72 || <span style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; line-height: normal;">
 * = **<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">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): ||> 375.3 ||
 * > <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

== =Communications=
 * Utilities **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $40.16 ||
 * **Water** || $25 per month (if not included in rent) || $included ||
 * **Sewer** || $25 per month (if not included in rent) || $included ||
 * **Trash removal** || $15 per month (if not included in rent) || $included ||
 * || **Monthly total:** || 40.16 ||

submitted paper version
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  || 100 ||
 * **Land line** ||  ||   ||
 * **TV** ||  ||
 * **Internet** || Bundle 89.99 ||
 * || **Total monthly cost:** || 189.99 ||
 * Food and Household Items **

budget
 * Miscellaneous **

=Questionnaire and Video=
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Is your budget balanced? Yes
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">If not, by what amount are you over budget? What could you do to balance your budget?
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">If your budget is balanced, what else would you expect to do with the money that is not budgeted to be spent? I could always invest the money. Would you increase your spending anywhere? I would increase my spending in maybe buying a better car or upgrading my house.
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Is this project a realistic simulation of what it would be like planning a monthly budget? Yea I think so What part of it do you think was //**most**// realistic? The house bill In what ways is this simulation **//un//**realistic? Car Expenses (How could it be improved?)
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">What has this project taught you about living in "the real world"? It can cost a lot.