my projected lifestyle
DESCRIPTION
MY PROJECTED LIFESTYLE. Melanie Jones. Aspiring Career Field. Preschool Teacher Potential Employer Memphis City Schools. Melanie’s Profile. First Year Teacher with a Bachelors Degree Single One allowance Paid semi- monthly Annual Salary : $45,741 Monthly Salary : $3,811.75. - PowerPoint PPT PresentationTRANSCRIPT
MY PROJECTED LIFESTYLE
Melanie Jones
Aspiring Career Field
Preschool Teacher Potential Employer
Memphis City Schools
Melanie’s Profile
First Year Teacher with a Bachelors Degree
Single One allowance Paid semi-monthly Annual Salary: $45,741 Monthly Salary: $3,811.75
Melanie’s Deductions
Monthly Gross Pay: $3,811.75 Deductions:
Federal Income Tax: $512.00 Social Security: $236.33 Medicare: $55.27 Health/Dental/Life Insurance: $90.00 Retirement: $190.59 Total Deductions: $1,084.19
Monthly Net Pay: $3,811.75 - 1,084.19 =
$2,727.56
Melanie’s Part-time Job
Monthly Net Pay with Memphis City Schools $2,727.56
Monthly Stipend from Part-time Job: $400
$3,127.56
$312.76
The Bristol on Union 205 Pasadena Pl Memphis, TN 38104 One Bedroom, One Bath 890 sq ft $890.00 Amenities
Utilities include water Washer/Dryer Hookup Microwave Dishwasher Spacious Closet(s) Dining Area Separate Kitchen Cable-Ready Sunroom Central air-conditioning
Utilities
$200.00 est.
Car Payment
2011 Nissan Altima 3.5 SR
Silver Exterior Black, leather
interior 32 MPG $24,740 Est. Monthly
Payments 592.43
Car Insurance
$79
Renters’ Insurance
$25
CONTINUE ADDING SLIDES FOR ALL EXPENSES…FIXED AND VARIABLE
BE CREATIVE WITH PICTURES AND INFORMATION
INCLUDE COST OF EACH EXPENSE…BE SPECIFIC ABOUT AMOUNT OF EXPENSE
Budget Balance
Total Income $3,127.56Total Expenses - 3,048.76Cash Surplus $ 78.80
Allocation of Surplus: Savings $ 50.00 Pocket change 28.00 Coin savings - 0.80BALANCE $ 0.00
Resources Google search or go www.bls.gov/oco to research for earnings you could
possibly make in your aspiring career field To figure Federal Income Tax withholding, see tax table:
www.schoolrack.com/carverbusinessteacher Click on “files” Open “Tax Withholding Table” file Tax tables begin on page 38 (be sure you use the appropriate tax table)
Use appropriate percentages for… Social Security Medicare Retirement 5%
Apartment (www.apartments.com) Utilities $200.00 Car payment (www.bankrate.com) Insurance (Progressive, Geico, All State, State Farm, etc.) Renters Insurance $25.00 Telephone (AT&T, Verizon, Cricket, T-Mobile, etc.) Cable (Comcast, Direct TV, etc.)