Patricia+Gassen

= = 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="11999511" 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** ||  ||< $23,400 ||   || $1450.80 ||<   ||
 * < **Medicare** ||<  ||< $23,400 ||   || 229.2 ||
 * < **Federal income tax** ||<  ||< $1,731 ||   || $1,731 ||
 * < **PA income tax** ||<  ||< $23,400 ||   || $702 ||
 * <  ||<   ||> **Total for //year//:** ||   || $4,113 / 12 ||
 * ||  || **Total for //each month//:** ||   || $342.75 ||

= = =Retirement Savings= Your responses here: Anything Expensive. ||
 * **__//Gross//__ //__monthly__// income - $23,400** ||  ||
 * **Retirement savings rate (as a percentage) .05%** ||  ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** *$9$ ||  ||
 * $97.50 ||  ||
 * **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. $318,191** ||  ||
 * **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. $619,331** ||  ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did? Because I don't make that much money now.**
 * **What are the opportunity costs for your choice?**
 * **What are the opportunity costs for your choice?**

=Housing=
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $600 ||  ||
 * Monthly rent for your apartment/house: || $665 ||  ||
 * Location || Media, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || Studio Apartment, one bath, one bedroom ||  ||
 * Selling features (What makes this a great apartment?) || Its not too big and doesn't cost too much. ||  ||
 * Possible downsides || No guest room, so limited space. ||  ||
 * Parking || First Come, FIrst Serve ||  ||
 * Included utilities || * Air Conditioning
 * Balcony
 * Cable Ready
 * Dishwasher
 * Oversized Closets
 * New kitchens and baths*
 * Free heat and hot water*
 * Patios and balconies
 * Individual controlled heat
 * 24-hour laundry centers
 * Extra storage*
 * Energy eff. windows/sliders
 * Professional on-site mgmt.
 * New windows and insulated doors
 * Cable ready
 * Wall-to-wall carpet/mini-blinds
 * Pool included
 * Cats are welcomed
 * 24-hour responsive maintenance
 * *In select units
 * New fitness center
 * Short-term leases available ||  ||   ||
 * Security deposit requirement || [ It said Please Call ] ||  ||
 * Restrictions on pets? || Cats Only ||  ||
 * Length of lease || 6-12 Months ||

=Transportation=


 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $2,495 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $61.63 +175 ||
 * **Gas** ||  || $129 ||
 * || **Monthly total** || $365 ||

=Insurance=

Car Insurance: monthly premium (website quote divided by six months):
 * Total Insurance Costs for Car, Rental, and Health Insurances **

<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: $15.83

<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;">(to be entered on budget spreadsheet):

<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">


 * Utilities **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $ 53.01 ||
 * **Water** || $25 per month (if not included in rent) || $ ||
 * **Sewer** || $25 per month (if not included in rent) || $ ||
 * **Trash removal** || $15 per month (if not included in rent) || $ ||
 * || **Monthly total:** || $53.01 ||

= = =Communications=
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  ||   ||
 * **Land line** ||  ||   ||
 * **TV** ||  ||
 * **Internet** ||  ||
 * || **Total monthly cost:** || $74.99 ||


 * Food and Household Items **

x1 movies a month. It'll cost $11.50 $50 to the side, seeing how I don't know what to do yet.
 * Miscellaneous **

=Questionnaire and Video=