Description
It is now time for you to complete the third project for this course. This project is a graded assignment that gives you the opportunity to show your teacher what you have learned from reading and studying the content material. Be sure to follow all directions carefully. Since this project is worth 12% of your final grade, you will want to work hard on it and do your best job. This project may be submitted electronically using the online course management system. Follow the directions in the My Work section of your online course management system under the link for Project 3.
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Explanation & Answer
Here you go
Running head: BUDGET REVIEW
1
Budget Review
Student’s name
Course name
Professor’s name
University affiliation
Date
2
BUDGET REVIEW
Budget
JOB YOU HAVE CHOSEN
ANNUAL GROSS
SALARY
Insurance underwriter
INCOME & DEDUCTIONS
$69,380
MONTHLY
PAYROLL
AMOUNTS
Gross Monthly Income
$5780
Federal Tax deduction
$1156
State Tax deduction
$884.34
Social Security deduction
$358.46
Medicare deduction
$83.83
BUDGET CATEGORY
MONTHLY
BUDGET
AMOUNT
INCOME
Net Income
Interest Income
$3297.37
$100
3
BUDGET REVIEW
Miscellaneous Income
Total Spendable Income
$100
$3537.37
EXPENSES & INVESTMENTS
HOME
Mortgage or Rent
$600
Homeowners or Renters Insurance
$45
Property Taxes
$75
Home Repairs/Maintenance/Homeowner’s
$50
Association Dues
Home Improvements
$0
UTILITIES
Electricity
$50
Water and Sewer
$25
Natural Gas or Oil
$15
Telephone (Land Line, Cell)
$50
FOOD
Groceries
$80
4
BUDGET REVIEW
Eating Out, Lunches, Snacks
$40
FAMILY OBLIGATIONS
Child Support
$0
Daycare, Babysitting
$0
HEALTH AND MEDICAL
Insurance (medical, dental, vision, life) p...