Alfred+Elliott

=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="23110416" 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** ||  ||< 6.2 .062 times 46,775 ||   || 29,000.05 ||<   ||
 * < **Medicare** ||<  ||< 1.45 .0145 times 46,775 ||   || 678.24 ||
 * < **Federal income tax** ||<  ||<   ||   || 7,631 ||
 * < **PA income tax** ||<  ||< 3.07 .0307 times 46,775 ||   || 1,435.99 ||
 * <  ||<   ||> **Total for //year//:** ||   || 12,703.28 ||
 * ||  || **Total for //each month//:** ||   || 1,058.61 ||

= = =Retirement Savings= Your responses here: ||
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || 3898 ||
 * **Retirement savings rate (as a percentage)** || 10% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 389 ||
 * **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.** || 1.46 million ||
 * **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.** || 2.73 million ||
 * **Respond to these questions in a few well written sentences:**
 * **Why did you select the retirement savings rate that you did?** when I'm in retirement i want to be able to still support my family anad if i have grand kids i can keep them happy and get them things there parents couldn't afford.
 * **What are the opportunity costs for your choice?** i could be selfish and buy myself pointless things but instead I'm saving it for better things to come for when i retire.
 * **Why did you select the retirement savings rate that you did?** when I'm in retirement i want to be able to still support my family anad if i have grand kids i can keep them happy and get them things there parents couldn't afford.
 * **What are the opportunity costs for your choice?** i could be selfish and buy myself pointless things but instead I'm saving it for better things to come for when i retire.

=Housing= 2 bathroom 1008sqft ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * ||  ||   ||
 * Monthly rent for your apartment/house: || $1,200 ||  ||
 * 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?) ||  ||   ||
 * Possible downsides || no ||  ||
 * Parking ||  ||   ||
 * Included utilities || Water, Electric ,Heat ||  ||   ||
 * Security deposit requirement || yes ||  ||
 * Restrictions on pets? || None ||  ||
 * Length of lease || 1 year ||

=Transportation=

=Insurance=


 * Utilities **

= = =Communications=


 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video=