Mirang+Upadhyay

=Picture PracticeBudget Table=

(Note: You can only the spreadsheet here. You must enter data from your actual Google Doc spreadsheet.) media type="custom" key="11999375" 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** ||  ||< 62,481*.062 ||   || 3,873.822 ||<   ||
 * < **Medicare** ||<  ||< 62,481*.0145 ||   || 905.9745 ||
 * < **Federal income tax** ||<  ||< 62,481-9,350=53,131 9,481 ||   || 6,654.2265 ||
 * < **PA income tax** ||<  ||< 62,481*.03 ||   || 1,874.43 ||
 * <  ||<   ||> **Total for //year//:** ||   || 13,308.453 ||
 * ||  || **Total for //each month//:** ||   || 1,109.03 ||

= = =Retirement Savings= Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income - 62,481** ||  ||
 * **Retirement savings rate (15%)** ||  ||
 * **Dollar amount of retirement savings per month (62,481 *.15 = 9,372/12=781)** * ||  ||
 * **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. $2,548,794** ||  ||
 * **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. $4,961,000** ||  ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did? because i wanted to retire early and enjoy rest of my life.**
 * **What are the opportunity costs for your choice? I could have lived in a better apartment then this.**
 * **Why did you select the retirement savings rate that you did? because i wanted to retire early and enjoy rest of my life.**
 * **What are the opportunity costs for your choice? I could have lived in a better apartment then this.**

=Housing= [|251 W. Dekalb Pike King Of Prussia, PA 19406] ||   ||   || || On-Site Laundry || On-Site Management ||
 * Issue || Answers/responses: ||
 * Maximum rent (4,097 * 30%)= 1,229 * ||  ||   ||
 * Monthly rent for your apartment/house: 903 ||  ||   ||
 * Location: = The Marquis =
 * Amenities (i.e. Bathroom 1,Bedroom 1, and 730 - 837 sq. ft.) ||  ||   ||
 * Selling features (What makes this a great apartment?) it is cheap and it is a good place ||  ||   ||
 * Possible downsides: dont see a downside ||  ||   ||
 * Parking: there is lot of space to park ||  ||   ||
 * Included utilities:
 * Parking Space(s) || On-Site Maintenance ||
 * <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Fitness Center: Free || <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Free Weights ||
 * <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Garage || <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Package Receiving ||
 * <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Pool(s) || <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Elevator ||
 * <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">High Speed Internet Available || <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Air Conditioning ||
 * <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Limited Access || <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Dishwasher ||
 * <span style="background-color: initial; display: block; font-family: 'Trebuchet MS',Helvetica; font-size: 11px; text-align: left; vertical-align: baseline;">Whirlpool(s) ||
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Security deposit requirement: Varies ||  ||   ||
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Restrictions on pets? no not really but you do have to pay for them staying ||  ||   ||
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Length of lease: 12 months ||  ||
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Length of lease: 12 months ||  ||



=Transportation=
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || 170 ||  ||
 * **Maintenance** || 75 ||  ||
 * **Gas** || 120 ||  ||
 * || **Monthly total** || 365 ||

=Insurance=

= = =Communications=
 * Utilities **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $ 49.77 ||
 * **Water** || $25 per month (if not included in rent) || $ 0 ||
 * **Sewer** || $25 per month (if not included in rent) || $ 0 ||
 * **Trash removal** || $15 per month (if not included in rent) || $ 0 ||
 * || **Monthly total:** || $ 49.77 ||


 * Food and Household Items **

150 for student loans per month
 * Miscellaneous **

20 dollar for food i have calculated

=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? **No not really it is over the budget**
 * <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? **About $-7,095 and what i could probably do is make stuff more at home then outside and spend less on entertainment and share a rent with someone.**
 * <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? Would you increase your spending anywhere? **I would spend that money and keep some incase of need. Yes i would and i would do it on entertainment and food.**
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">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 think that how to plan out how much you going to spend on each and every thing that was the most realistic and unrealistic part was how much for the food i mean it doesn't really matter but if you live with a friend then your friend can help you out or you can just live together and that way you would save money and still have food.**
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">What has this project taught you about living in "the real world"? **That where you go you will need money so money is really important to have.**