CCortez

= = =Carolin Cortez Lagos=

=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=

$39,750 ||  || $5,931 || =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** || 6.29% ||< .062 x 49,100 ||  || $3,044.2 ||<   ||
 * < **Medicare** ||< 1.45% ||< .0145 x 49,100 ||  || $711,95 ||
 * < **Federal income tax** ||<  ||< 49,100 - 9,350
 * < **PA income tax** ||< 3.07% ||< .037 x 49,100 ||  || $1,816.7 ||
 * <  ||<   ||> **Total for //year//:** ||   || $11,503.85 ||
 * ||  || **Total for //each month//:** ||   || $958.65 ||

Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || $3,133 ||
 * **Retirement savings rate (as a percentage)** || 15% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || $959 ||
 * **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.** || $3,328,477 ||
 * **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.** || $6,589,062 ||
 * **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?** *

=Housing= 1 bathroom 680 sqft ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $933.9 ||  ||
 * Monthly rent for your apartment/house: || $970 ||  ||
 * Location || King of Prussia, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bedroom
 * Selling features (What makes this a great apartment?) || * New designer kitchens
 * High speed Internet access
 * Washers and dryers*
 * Enhanced bathrooms with ceramic tile floors*
 * Air conditioning
 * Free gas heat
 * Patio or balcony
 * Spacious closets
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Wall-to-wall carpeting
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Ceiling fans
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Whirlpool appliances
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Dishwasher
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Garbage disposal
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Cable ready
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">14 spacious floorplans
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Tennis courts
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">24-hour fitness center
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Walking distance to SEPTA bus
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Pets welcome
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Playground
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Job transfer lease options
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">24-hour emergency maintenance
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Professionally managed by Morgan Properties
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Furnished suites available
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Resort-style swimming pool and kiddie pool
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">2 miles from Route 76 and PA Turnpike
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Near King of Prussia Mall
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">1 mile to SEPTA train
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Upper Merion School District
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">*In select apartments
 * <span style="color: #333333; font-family: Arial,Helvetica,sans-serif; font-size: 9pt;">Sundeck ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Possible downsides || no ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Parking || yes ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Included utilities || Water, Electric ,Heat ||  ||   ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Security deposit requirement || yes ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Restrictions on pets? || None ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Length of lease || 1 year ||

=Transportation=


 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $39.06 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $75.00 ||
 * **Gas** ||  || $73 ||
 * || **Monthly total** || $187.06 ||

=Insurance=

<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">(to be entered on budget spreadsheet): || $312.08 ||
 * = **<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): || $191.66 ||
 * > <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) || $19 ||
 * **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:** || $84 ||



=Communications=



||
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** || alone || $60 ||
 * **Land line** || alone ||
 * **TV** || alone $25 ||
 * **Internet** || alone $25 ||
 * || **Total monthly cost:** || $110 ||
 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video=