Budgeting Project 9-10

Budgeting Project - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Fixed Expenses 2,149.83 25,797.92 Variable Expenses Gas 40.00 480.00 Groceries 135.75

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INFLOWS: Monthly Annual Disposable Income 30,343.00 Salary 3,166.67 38,000.00 OUTFLOWS: Fixed Expenses: Taxable Savings/Investments (11%) 348.33 4,180.00 SS Taxes (6.2% of Gross Income) 196.33 2,356.00 Medicare (1.45%) 45.92 551.00 FWT (Effective Tax Rate = 12.5%) 395.83 4,750.00 Apartment - Rent 586.00 7,032.00 Renters Insurance 15.25 183.00 *$10,000 Content Coverage 0.00 0.00 Electricity (included) 0.00 0.00 Telephone (N/A) 0.00 0.00 Cable/Internet/Cell (included) 0.00 0.00 Internet (Included) 0.00 0.00 Newspaper 4.68 56.16 Magazine Subscription (N/A) 0.00 0.00 Auto Insurance 357.93 4,295.16 *100/300/50 Limits Health Insurance (Employee Responsible for $26.5 per mo.) 26.50 318.00 Life Insurance (See chart to the right) 0.00 0.00 Disablity Insurance ($2,090 monthly benefit - 66% of gross) 42.00 504.00 *See "Disability Rates" Worksheet 34.84 418.08 2090 6.22 74.64 Memberships 0.00 0.00 89.99 1,079.88 0.00 0.00 0.00 0.00 0.00
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Unformatted text preview: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Fixed Expenses: 2,149.83 25,797.92 Variable Expenses: Gas 40.00 480.00 Groceries 135.75 1,629.00 Eating Out 35.00 420.00 Auto Maintenance 39.50 474.00 Tolls/Epass 10.25 123.00 Over-the-counter meds 35.75 429.00 Prescriptions ($15 Generic/$25 Brand) 7.00 84.00 Entertainment 25.00 300.00 Personal Grooming 30.00 360.00 Haircuts 20.00 240.00 Stamps 7.25 87.00 New Checks 2.08 25.00 Vacation/Travel 149.25 1,791.00 New Clothing 125.50 1,506.00 Dry Cleaning 29.50 354.00 Pictures/Film/etc. 21.50 258.00 Charitable Tithes/Donations 15.00 180.00 Gifts for Family 20.25 243.00 Gifts for Friends 9.25 111.00 Christmas/Seasonal 75.00 900.00 Equipment/Furniture Fund 144.50 1,734.00 Necessities (Batteries, etc.) 20.28 243.36 Miscellaneous 19.20 230.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Variable Expenses: 1,016.81 12,201.76 TOTAL EXPENSES: 3,166.64 37,999.68 NET INCOME 0.03 0.32 <1...
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This note was uploaded on 07/29/2011 for the course ECON 101 taught by Professor Smith during the Spring '10 term at Baltimore City.

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Budgeting Project - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Fixed Expenses 2,149.83 25,797.92 Variable Expenses Gas 40.00 480.00 Groceries 135.75

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