RWillauer

=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"

=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** ||  || 6.2%= .062x$67,000 ||   || $4,154 ||   ||
 * **Medicare** ||  || 1.45%= .0145x$67,000 ||   || $971.50 ||
 * **Federal income tax** ||  || 67,000-9350=57,650 ||   || $10,606 ||
 * **PA income tax** ||  || 3.07%= .0307x$67,000 ||   || $2,056.90 ||
 * ||  ||> **Total for //year//:** ||   || $17,788 ||
 * ||  || **Total for //each month//:** ||   || $1,482.36 ||

= = =Retirement Savings=

Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || $5,583.30 ||
 * **Retirement savings rate (as a percentage)** || 13% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || $725.83 ||
 * **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.** || $2,520,101 ||
 * **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.** || $4,988,799 ||
 * **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?** *
 * **Why did you select the retirement savings rate that you did?**
 * **What are the opportunity costs for your choice?** *
 * * I want to be able to save enough money to live comfortably and enjoy my life after I'm done working but I also want to still be active and work sometimes for a little bit of extra money.
 * I will have less money to use every month for things that I might want like a new car or clothes. || ** ||

=Housing=

two stories, comes with all major appliances ||  || cooling, ||  ||   ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $1,674.90 ||  ||
 * Monthly rent for your apartment/house: || $1,199 ||  ||
 * Location || Blue Bell, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bedroom, 1 bathroom ||  ||
 * Selling features (What makes this a great apartment?) || fireplace, private entrances,
 * Possible downsides || none ||  ||
 * Parking || yes ||  ||
 * Included utilities || digital cable, central heating and
 * Security deposit requirement ||  ||   ||
 * Restrictions on pets? || Not specified ||  ||
 * Length of lease || 1 year ||

=Transportation=


 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $137.94 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $125 ||
 * **Gas** ||  || $103.45 ||
 * || **Monthly total** || $366.38 ||

=Insurance=

(to be entered on budget spreadsheet): ||  ||
 * = **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): ||>  ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: ||  ||
 * > <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 **

= = =Communications=
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $119.90 ||
 * **Water** || $25 per month (if not included in rent) || $25 ||
 * **Sewer** || $25 per month (if not included in rent) || $0 ||
 * **Trash removal** || $15 per month (if not included in rent) || $0 ||
 * || **Monthly total:** || $144.90 ||


 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  || $90 ||
 * **Land line** ||  || $0 ||
 * **TV** || Bundled with internet $94 ||
 * **Internet** ||  ||
 * || **Total monthly cost:** || $184 ||


 * Food and Household Items **

I used an online shopping thing on Acme's website and totalled everything that I put in my cart.


 * Miscellaneous **

=Questionnaire and Video=