Dom+Antonucci

=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** ||  ||< 2597.428 ||   || 2,597 ||<   ||
 * < **Medicare** ||<  ||< 607.463 ||   || 607.0 ||
 * < **Federal income tax** ||<  ||<   ||   || 6,656 ||
 * < **PA income tax** ||<  ||< 1286.1458 ||   || 1,286 ||
 * <  ||<   ||> **Total for //year//:** ||   || 11,146 ||
 * ||  || **Total for //each month//:** ||   || 928.00 ||

= = =Retirement Savings= Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** ||  ||
 * **Retirement savings rate (as a percentage)** ||  ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * ||  ||
 * **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 __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.** ||  ||
 * **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=
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $40,000 ||  ||
 * Monthly rent for your apartment/house: || $850 ||  ||
 * Location || King Of Prussia ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bedroom, 1 bath ||  ||
 * Selling features (What makes this a great apartment?) || Pool, Fitness center, Tennis courts. ||  ||
 * Possible downsides || Looks a little small ||  ||
 * Parking || Parking outside apartment. ||  ||
 * Included utilities || Dishwasher, Washer and dryer. ||  ||   ||
 * Security deposit requirement || $200 ||  ||
 * Restrictions on pets? || $500 deposit, $15 monthly for cats, $35 for dogs. ||  ||
 * Length of lease || Flexible ||

=Transportation=
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || 218.34 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || 75.00 ||
 * **Gas** ||  || 142.00 ||
 * || **Monthly total** || 435.34 ||

=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: $20.36

<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):$120.36


 * Utilities **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $47.72 ||
 * **Water** || $25 per month (if not included in rent) || $25.00 ||
 * **Sewer** || $25 per month (if not included in rent) || $25.00 ||
 * **Trash removal** || $15 per month (if not included in rent) || $15.00 ||
 * [[file:Online Usage Calculator » Consumers Power Inc.pdf]] || **Monthly total:** || 112.72 ||

= = =Communications=
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  || 109.99 ||
 * **Land line** || Bundled || 89.99 ||
 * **TV** || Bundled ||
 * **Internet** || Bundled ||
 * || **Total monthly cost:** || 199.98 ||


 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video= > Is your budget balanced? Yeah, it's pretty balanced.
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">
 * <span style="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? I actually have money left over, from the monthly things i have to spend my monthly cash on.
 * <span style="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? Would you increase your spending anywhere? I would probably use it on things i actually want, like upgrades of furniture, tvs, etc.
 * <span style="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 plan a monthly budget? What part of it do you think was //**most**// realistic? In what ways is this simulation **//un//**realistic? (How could it be improved?) I guess the amount of cash is some-what realistic, but if it were set up like this that would be pretty cool, and make my life pretty easy.