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Excel Activity #2b - PowerPoint PPT Presentation


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Excel Activity #2b. Budgeting. Overview & Income Example. Budget -   an estimate of income and expenditure for a set period of time. Minimum Wage Job – Washington $9.32 full time 40 hours a week 40*9.32 = $372.80 per week $372.80*4 = $1,491.20 Gross pay

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overview income example
Overview & Income Example
  • Budget -  an estimate of income and expenditure for a set period of time.
  • Minimum Wage Job –
    • Washington $9.32
    • full time 40 hours a week
    • 40*9.32 = $372.80 per week
    • $372.80*4 = $1,491.20 Gross pay
    • $1,491.20*.15 = $223.68 federal taxes
    • $1,491.20-$223.69 = $1,267.51 month (without other deductions included)
expenses
Expenses
  • Housing
  • Electricity
  • Transportation
  • Phone
  • Internet
  • TV
  • Food
  • Clothes
  • Eating Out
  • Movies
  • Video Games
  • Credit Cards
  • Car Insurance
  • Health Insurance
  • Rental/House Insurance
  • Gas/Maintenance
  • Savings/Investments
  • Shopping/Hanging Out
  • School
  • Books
  • Items Necessary for Job
  • Housing Incidentals
  • Miscellaneous
  • Medicines