Budgeting Project 11-10

Budgeting Project 11-10 - 0.00 0.00 0.00 0.00 0.00 0.00...

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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 Car Payment 367.22 4,406.64 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
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Unformatted text preview: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Fixed Expenses: 2,517.05 30,204.56 Variable Expenses: Gas 35.27 423.24 Groceries 109.00 1,308.00 Eating Out 17.50 210.00 Auto Maintenance 31.00 372.00 Tolls/Epass 10.25 123.00 Over-the-counter meds 35.75 429.00 Prescriptions ($15 Generic/$25 Brand) 7.00 84.00 Entertainment 13.00 156.00 Personal Grooming 15.00 180.00 Haircuts 12.00 144.00 Stamps 7.25 87.00 New Checks 2.08 25.00 Vacation/Travel 55.00 660.00 New Clothing 50.00 600.00 Dry Cleaning 18.00 216.00 Pictures/Film/etc. 3.25 39.00 Charitable Tithes/Donations 9.00 108.00 Gifts for Family 20.25 243.00 Gifts for Friends 9.25 111.00 Christmas/Seasonal 58.25 699.00 Equipment/Furniture Fund 108.50 1,302.00 Necessities (Batteries, etc.) 18.00 216.00 Miscellaneous 5.00 60.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Variable Expenses: 649.60 7,795.24 TOTAL EXPENSES: 3,166.65 37,999.80 NET INCOME 0.02 0.20 <1...
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