CDavis

=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="27111564" align="left"

Getting a Job

== = = ==

=Taxes=

= = =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** ||  || 40,510 * .062 ||   || 2,514.10 ||   ||
 * **Medicare** ||  || 40,510 * .0145 ||   || 587.98 ||
 * **Federal income tax** ||  ||   ||   || 4,260 ||
 * **PA income tax** ||  || 40,510 * .0307 ||   || 1,244.88 ||
 * ||  ||> **Total for //year//:** ||   || 8,606.96 ||
 * ||  || **Total for //each month//:** ||   || 717.25 ||

Your responses here: 1. **I selected the retirement savings of 15% because i would rather have more money saved in an account then to just spend money on stuff that I don't really need. Also the more percent you put away means more money your going to have in the long run.**
 * ||= **Dollar amount or rate** * ||
 * **__//Gross//__ //__monthly__// income -** || 717 ||
 * **Retirement savings rate (as a percentage)** || 15% ||
 * **Dollar amount of retirement savings per month (gross monthly *rate = Dollar amount of retirement savings per month).** * || 506.40 ||
 * **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.** || 1,758,236 ||
 * **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.** || 3,480,610 ||
 * **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=
 * 2. The opportunity costs for my choice is i could have used the money to put a payment down on a brand new car, or to help with a schooling.** ||

1 bathroom 600 sqft ||  ||
 * Issue || Answers/responses: ||
 * Maximum rent (take home pay * 30%) * || $797 ||  ||
 * Monthly rent for your apartment/house: || $760 ||  ||
 * Location || 2607 Welsh Road, Philadelphia, PA ||  ||
 * Amenities (i.e. number of bedrooms, baths, and size in square feet) || 1 bedroom
 * Selling features (What makes this a great apartment?) || Not far from places to go. ||  ||
 * Possible downsides || no ||  ||
 * Parking || on-site parking ||  ||
 * Included utilities || Water, Electric ,Heat, Fully equipped kitchen ||  ||   ||
 * Security deposit requirement || yes ||  ||
 * Restrictions on pets? || None ||  ||
 * Length of lease || 1 year ||

= = =Transportation=


 * **Expense** || **Calculation** || **Dollar cost** ||
 * **Payment** || (From the Cars.com online calculator) || 212.43 ||
 * **Maintenance** || (Three levels of monthly maintenance based on car cost. See instructions above.) || 75.00 ||
 * **Gas** ||  || 60.00 ||
 * || **Monthly total** || 347.43 ||

== = = =Communications=
 * Utilities **
 * **Utility** || **Calculation** || **Monthly Dollar Cost** ||
 * **Electric** || Online calculator (PDF uploaded to wiki) || $43.21 ||
 * **Water** || $25 per month (if not included in rent) || $0 ||
 * **Sewer** || $25 per month (if not included in rent) || $0 ||
 * **Trash removal** || $15 per month (if not included in rent) || $0 ||
 * || **Monthly total:** || 43.21 ||
 * **Service** || **Stand alone or bundled with another?** || **Cost** ||
 * **Cell** ||  || 99.99 ||
 * **Land line** ||  || 0 ||
 * **TV** || 79.99 ||
 * **Internet** || 0 ||
 * || **Total monthly cost:** || 179.98 ||

Verizon Comcast

I only shopped for one month
 * Food and Household Items **




 * Miscellaneous **

=Questionnaire and Video=

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