AReese

=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="24886280" 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 39,100 ||   || 2424.2 ||<   ||
 * < **Medicare** ||<  ||< .0145 x 39,100 ||   || 566.95 ||
 * < **Federal income tax** ||<  ||< 39,100 - 9350 = 29750 ||   || 4.049 ||
 * < **PA income tax** ||<  ||< .037 x 39,100 ||   || 1446.7 ||
 * <  ||<   ||> **Total for //year//:** ||   || 370.15 ||
 * ||  || **Total for //each month//:** ||   || Retirement Savings ||

**Retirement Savings**
Your responses here: I selected them because it was close to what I think as of now would be good to save. I just would most likely only be able to buy the essentials for a while. Also might have to hold off on buying a house or get another job in addition to being Graphic Designer. ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || 39100 ||
 * **Retirement savings rate (as a percentage)** || 8% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 3128 ||
 * **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.** || 2346 ||
 * **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.** || 3128 ||
 * **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 bedroom
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || 866.4 ||  ||
 * Monthly rent for your apartment/house: || $845 ||  ||
 * Location || King of Prussia, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bathroom

585ft²
||  || Application fee: $50 ||   ||
 * Selling features (What makes this a great apartment?) || * • All New Kitchens w/GE Appliances
 * • New Baths w/ceramic tile flooring
 * • Washers/Dryers Available inside home
 * • Hardwood floors, Karndean or Berber carpeting
 * • All new energy-efficient, double-paned windows
 * • Patios and balconies available
 * • SEPTA Wyndmoor train station on-site
 * <span style="background-color: #ffffff; color: #444444; font-family: Helvetica,Arial,sans-serif; font-size: 14px;">• Supermarket, Banking, Post Office On-Site
 * <span style="background-color: #ffffff; color: #444444; font-family: Helvetica,Arial,sans-serif; font-size: 14px;">• Walk to restaurants and shops
 * <span style="background-color: #ffffff; color: #444444; font-family: Helvetica,Arial,sans-serif; font-size: 14px;">• Car-sharing available on-site
 * <span style="background-color: #ffffff; color: #444444; font-family: Helvetica,Arial,sans-serif; font-size: 14px;">• Newly-Remodeled Fitness Center overlooking pool
 * <span style="background-color: #ffffff; color: #444444; font-family: Helvetica,Arial,sans-serif; font-size: 14px;">• New high-tech business center
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Possible downsides || none ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Parking ||  ||   ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Included utilities || Water, Electric ,Heat ||  ||   ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Security deposit requirement || yes
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Security deposit requirement || yes
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Restrictions on pets? || None ||  ||
 * <span style="display: block; font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif; font-size: 16px; text-align: left;">Length of lease || 1 year ||

=Transportation= =Insurance=
 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || $370.69 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || $75 ||
 * **Gas** ||  || $85.71 ||
 * || **Monthly total** || $531.4 ||

<span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">(to be entered on budget spreadsheet): || $544.92 ||
 * = **<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): ||> $424 ||
 * > <span style="font-family: 'Palatino Linotype','Book Antiqua',Palatino,serif;">Renter's Insurance monthly premium: || $20.92 ||
 * > <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 **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $55.36 ||
 * **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) || $25 ||
 * || **Monthly total:** || $130.36 ||

=Communications=
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** || Stand Alone || $45 ||
 * **Land line** || bundled || $99.99 ||
 * **TV** || bundled ||
 * **Internet** || bundled ||
 * || **Total monthly cost:** || $144.99 ||


 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video= 1. Yes my budget is balanced although the amount I'm left with leaves something to be desired... 2. I'm not over budget but...I could cut back on some foods. 3. I wouldn't do much extra shopping as of yet I'd probably wait or try my hand at getting an extra job. 4. I think how much everything costs might be realistic or at least some parts you know for sure are like the houses. But everything else might be unrealistic due to the fact we're assuming I get the salary I want right away. 5. This project has taught me that the real world is really tough and loves to suck the money right out of you for everything.