NBiscotti

=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="27111594" 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** ||  || $45,190*.062 ||   || $2801.78 ||   ||
 * **Medicare** ||  || $45,190*.0145 ||   || $655.26 ||
 * **Federal income tax** ||  ||   ||   || $5044.00 ||
 * **PA income tax** ||  || $45,190*.0307 ||   || $1387.33 ||
 * ||  ||> **Total for //year//:** ||   || $9888.37 ||
 * ||  || **Total for //each month//:** ||   || $824.03 ||

= = =Retirement Savings= Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** ||  ||
 * **Retirement savings rate (as a percentage)** || 15% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || $564.90 ||
 * **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= 1) Use the rental housing finder websites to locate housing within 15 miles from your work (KoP unless you searched for a job elsewhere) and fill out the required information in the table below. Take at least two screen shots from t he rental housing website you use to display what your apartment looks like as well evidence of its cost and size.

Apartment and rental housing finder websites:
 * Move.com
 * Rentals.com
 * ForRent.com
 * Apartments.com (This allows you to "browse" for rentals more than search a specific town or ZIP.)

2) Copy the following table (listed after step 3) to your section of the wiki and complete it.

3) After completing the table, add the cost of your rent into your Google Budget Spreadsheet.

2 Beds 360sqft ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $960.60 ||  ||
 * Monthly rent for your apartment/house: || $735 ||  ||
 * Location || King of Prussia, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || Studio
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Selling features (What makes this a great apartment?) ||  ||   ||
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Possible downsides || no ||  ||
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Parking || 2 spaces ||  ||
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Included utilities || Water, Electric ,Heat ||  ||   ||
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Security deposit requirement || yes ||  ||
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Restrictions on pets? || none ||  ||
 * <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">Length of lease || 1 year ||

**Transportation** == = = =Insurance= <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">(to be entered on budget spreadsheet): ||  ||
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $85.82/mo ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) ||  ||
 * **Gas** || 28mpg>$107.10 for gas ||
 * || **Monthly total** || $192.92 ||
 * = **<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px;">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): ||>  ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: ||  ||
 * > <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

=Communications=
 * Utilities **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $29.57 ||
 * **Water** || $25 per month (if not included in rent) || $25 ||
 * **Sewer** || $25 per month (if not included in rent) || $25 ||
 * **Trash removal** || $15 per month (if not included in rent) || $15 ||
 * || **Monthly total:** || $94.57 ||
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** || Stand alone ||  ||
 * **Land line** || bundled || $79.99 ||
 * **TV** || bundled ||
 * **Internet** || bundled ||
 * || **Total monthly cost:** || $79.99 ||
 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video=