Mike+Attia

=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="23110300" align="left"

=Getting a Job=

Name: Michael Attia Address: 495 Yale Dr King of Prussia, Pa, 19406 Phone: 484-784-8149 Email: mattia@umasd.gaggle.net High school: Upper Merion Area High School Address: 435 Crossfield Road King of Prussia, PA 19406 Years attended: 2010-2014 Diploma/degree awarded: High school diploma -Date: 06/12/2014 -GPA: 3.1 Burger King 610-265-7950 Manager: Brunie 2 years = = =Taxes=
 * Contact Info**
 * Education**
 * Jobs**

= = =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** ||  ||< 45888 X .062 ||   || 2845 ||<   ||
 * < **Medicare** ||<  ||< 48555 X .0145 ||   || 665 ||
 * < **Federal income tax** ||<  ||< 48555 ||   || 7,656 ||
 * < **PA income tax** ||<  ||< 45888 X .037 ||   || 1,692 ||
 * <  ||<   ||> **Total for //year//:** ||   ||   ||
 * ||  || **Total for //each month//:** ||   ||   ||

Your responses here: I chose this amount because i want to have enough money saved up when I'm older so still be able to live and have fun. Im not saving too much or too little, so now i can live good without holding back much, but still i will have enough money in the future. ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || 3,824 ||
 * **Retirement savings rate (as a percentage)** || 10% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 382 ||
 * **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.** ||  || $187,376 ||   ||
 * **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.** ||  || $187,376 ||   ||
 * **Respond to these questions in a few well written sentences:**
 * **Respond to these questions in a few well written sentences:**
 * **Respond to these questions in a few well written sentences:**

=Housing=



1 bathroom 650 sqft ||  || neighborhood. ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $1290 ||  ||
 * Monthly rent for your apartment/house: || $1000 ||  ||
 * 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?) || Picnic Area, Friendly
 * Possible downsides || no ||  ||
 * Parking || yes ||  ||
 * Included utilities || Water, Electric ,Heat ||  ||   ||
 * Security deposit requirement || yes ||  ||
 * Restrictions on pets? || Cats only ||  ||
 * Length of lease || 1 year ||

=Transportation=





=Insurance=
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || 160.53 || 160 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || 125 ||
 * **Gas** ||  || 103 ||
 * || **Monthly total** || 388 ||



(to be entered on budget spreadsheet): || 275 ||
 * = **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): ||> 155 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: || 20 ||
 * > <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 **

= = =Communications=
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $55 ||
 * **Water** || $25 per month (if not included in rent) || $ INC ||
 * **Sewer** || $25 per month (if not included in rent) || $ INC ||
 * **Trash removal** || $15 per month (if not included in rent) || $ INC ||
 * || **Monthly total:** || 55 ||





$150 for student loans, added to about $400 a month on entertainment = $550 a month.
 * Miscellaneous **

=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? <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Yes it is balanced because I can afford to pay for everything and i still money left over.
 * <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? <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">I can save some more money from the ones i don't spend, and keep money on the side in case of emergency.
 * <span style="color: #000000; 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?) <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">It is very realistic, its good because it gives you an idea of how you need to think when you move out and live on your own.
 * <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">What has this project taught you about living in "the real world"? <span style="color: #000000; display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Lots of responsibility and self control are needed.