Joseph+Mahoney

=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="12009173" 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% 50000 x .062 ||   || 3100 ||<   ||
 * < **Medicare** ||<  ||< 1.45%50000x0.145 ||   || 725 ||
 * < **Federal income tax** ||<  ||< 50,000-9,350=40,650 ||   || 5,259 ||
 * < **PA income tax** ||<  ||< 3.0% 50000x.03 ||   || 1500 ||
 * <  ||<   ||> **Total for //year//:** ||   || 10584 ||
 * ||  || **Total for //each month//:** ||   || 882 ||

= = =Retirement Savings= Your responses here:
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** ||  ||
 * **Retirement savings rate (as a percentage)** ||  ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 492.70 ||
 * **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.** || 1,607,818 ||
 * **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.** || 3,129,474 ||
 * **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?**
 * I selected 8% that way i will have money ready to spend. I would be losing money when i am young.** ||

=Housing=
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || 985.00 ||  ||
 * Monthly rent for your apartment/house: || 915.00 ||  ||
 * Location || King of Prussia ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bath 2 bedroom ||  ||
 * Selling features (What makes this a great apartment?) || Pool, near family, reasonable ||  ||
 * Possible downsides ||  ||   ||
 * Parking || You have many parking spots for free ||  ||
 * Included utilities ||  ||   ||   ||
 * Security deposit requirement || No deposit ||  ||
 * Restrictions on pets? || Cats allowed ||  ||
 * Length of lease || 1 year lease ||

=Transportation=

=Insurance=


 * Utilities **

= = =Communications=


 * Food and Household Items **


 * Miscellaneous **

=Questionnaire and Video=