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The_Student_Budget.docx - The Student Budget (1/3) Part 1...

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The Student Budget(1/3)Part 1Directions:Use the attached budget form to create three zero-based budgets: onefor each student described below and a personal one based on your income (thismay include a regular allowance from your parents) and expenses. Fill in all incomeand expenses on the form with the information provided. Remember to computenet pay by taking 20% out for taxes.1Marcus, a high school student, works at a lumberyard making $10.50 an hour.With his academic and sports schedule, he is able to work 25 hours a week. Hecan pick up extra hours, but not consistently. Marcus lives at home, so he hasvery few bills. He is responsible for his cell phone bill, which is $65 a month. Hepays for his auto insurance, which is $1,200 a year, and he pays for gas,maintenance and repairs on his car. Lastly, Marcus is responsible for his spendingmoney. He has a fully funded emergency fund of $500 but has a goal of savingadditional money for new tires. (As a high school student, assume that groceries,

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Term
Fall
Professor
Erica Murray
Tags
Emergency Fund

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