Ashley+Miller

=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="11999415" 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** ||  ||< .062 x 107,717 ||   || $6648.454 ||<   ||
 * < **Medicare** ||<  ||< .0145 x 107,717 ||   || $1561.8965 ||
 * < **Federal income tax** ||<  ||< 107,717 x 9350 ||   || $21,365 ||
 * < **PA income tax** ||<  ||< .03 x 107,717 ||   || $3231.51 ||
 * <  ||<   ||> **Total for //year//:** ||   || $22,611,935 ||
 * ||  || **Total for //each month//:** ||   || $77.625 ||

= = =Retirement Savings=

Your responses here: That I get a good mosnt of money. ||
 * = **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income - $77.625** ||  ||
 * **Retirement savings rate (as a percentage) 15%** ||  ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * ||  ||
 * About $1164.375 ||  ||
 * **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. $258,360 x 6%= $1,550,160** ||  ||
 * **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. $502,876 x 8% = $4,023,008** ||  ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did? Because I want to retirement with lot of money.**
 * **What are the opportunity costs for your choice?** *
 * **What are the opportunity costs for your choice?** *
 * Because I want to retirement with lot of money.**

=Housing=
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) $1,670 x 30%=$50,100 $* ||  ||   ||
 * Monthly rent for your apartment/house: $1,460 ||  ||   ||
 * Location 580 Lewis Road, King of Prussia, PA 19406. ||  ||   ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) 3 Bedroom Townhouse with Basement. ||  ||   ||
 * Selling features (What makes this a great apartment?) Three people can stay there, nice view, near mall. ||  ||   ||
 * Possible downsides The cost of the place. ||  ||   ||
 * Parking Does not say. ||  ||   ||
 * Included utilities One bathroom? ||  ||   ||   ||
 * Security deposit requirement Does not say. ||  ||   ||
 * Restrictions on pets? Pets are allowed. ||  ||   ||
 * Length of lease As long as you want. ||  ||

=Transportation= $8,974 x $304.90 || $2,736,176.6 ||
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $8,974 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.)
 * **Gas** || 8.9% x 7% || 62.3% ||
 * || **Monthly total** || $1529.7 ||

=Insurance=

(to be entered on budget spreadsheet): || $1281.83 ||
 * = **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): ||> $1,166 ||
 * > <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

Online calculator (PDF uploaded to wiki) $433.18 $25 per month (if not included in rent) $1.21 $25 per month (if not included in rent) $0 $15 per month (if not included in rent) $0
 * Utilities **
 * Utility**
 * Calculation**
 * Monthly Dollar Cost**
 * Electric**
 * Water**
 * Sewer**
 * Trash removal**

**Monthly total:**

= = =Communications=
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** || Alone || $59.99 ||
 * **Land line** || Alone || $80.00 ||
 * **TV** || Alone ||
 * **Internet** || N/A ||
 * || **Total monthly cost:** ||  ||


 * Food and Household Items **



$105 of student loans + $85 of entertainment = $235 for everything.
 * Miscellaneous **

Questionnaire and Video 1. I think that my budget is balanced because my budget is not that bad. 2. I'll used the money to get maybe some movies and food for snacks. I may a little bit, but not that much. 3. Everything about it was real and what will happen in the future but the most realistic one was the food one. 4. It has taught me that you will have to pay for a lot of things to help me survive.