Economics
Unit 3 Major Purchases TGA Microeconomics Major Purchases Worksheet

Question Description

I’m working on a Economics exercise and need support.

*********Please see the attachment for this work**********

You can write what you think so this is not the research paper.

I will attach the Get a Job TGA just in case since it is about Software Developer

_____________________________________________________

In just a few short months, you will be making some life changing decisions. You’ve already explored a career choice by completing the Get a Job TGA. Today, we will be taking a look at some of the biggest expenses a person makes throughout their lifetime. First, you will be searching for new and used cars that you are interested in and calculating how much it would cost to finance these vehicles. Second, you will be using a budget to search for a place to live.

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Name: __________________________________ Date: _______________ Unit 3 Major Purchases TGA ~ 55 Points Saving your TGA: Last Name, First Name Initial Student ID#_3.11 Major Purchases TGA. Example: Smith, J 1234567_3.11 Major Purchases TGA When you are done, use the Dropbox to turn in your completed assignment. In just a few short months, you will be making some life changing decisions. You’ve already explored a career choice by completing the Get a Job TGA. Today, we will be taking a look at some of the biggest expenses a person makes throughout their lifetime. First, you will be searching for new and used cars that you are interested in and calculating how much it would cost to finance these vehicles. Second, you will be using a budget to search for a place to live. Buying a Car Step 1: What are your priorities? (5 Points) List 5 priorities that you must have in a vehicle. Explain why each of these priorities are important to you. Some potential priorities could be safety, style, size, gas mileage, low cost to own, look, comfort, low price, handling, reliability, comfort, power, room, trunk space, etc… 1.) 2.) 3.) 4.) 5.) Step 2: Choose your Vehicle (10 Points) Build and price a new car. Fill in the information about your car on the table below and provide 2 pictures of your car (1 Exterior / 1 Interior). I have provided links to some car manufacturer websites below. If you do not find the manufacturer you like, feel free to go to their website. New Car Websites www.chevrolet.com www.ford.com www.dodge.com www.toyota.com www.kia.com/us/en/home www.hyundaiusa.com www.ramtrucks.com Build and Price a New Car Web Address: Make: 3 Features 1 2 3 Model: Year: Why did you choose this car? 2 Pictures of the vehicle (1 Exterior and 1 Interior): Price: Find a similar car to the one you chose / built above. It must be 5 years, or more, older than the new car above. It can be the same make and model, or it can be a different make or model. It just needs to be similar to the new one you found above. Used Car Websites www.autotrader.com www.carmax.com www.truecar.com www.edmunds.com www.carmax.com www.craigslist.com Used Car Web Address: Make: 3 Features 1 2 3 Model: Year: Why did you choose this car? Price: 2 Pictures of the vehicle (1 Exterior and 1 Interior): Step 3: Purchase your vehicle. (10 Points) Purchase your vehicle. There are many options to do this. You could pay cash, you could lease (rent / pay for depreciation), or you could finance (get a loan) your purchase. For this assignment, we are going to finance your purchase. Go to: https://www.amortization-calc.com/auto-car-loan-calculator/ Vehicle #1: Financing Your New Car Vehicle Loan Amount: Monthly Payment: Term: 5 Years (60 Months) Interest Rate: 3% Interest Paid: Total Paid: Payoff Date: Vehicle #2: Financing Your Used Car Vehicle Loan Amount: Monthly Payment: Term: 5 Years (60 Months) Interest Rate: 6% Interest Paid: Total Paid: Payoff Date: Step 4: Summary (5 Points) What did you learn about purchasing a car from this assignment? Which option was more expensive? Are you more likely to purchase a new or used car based on what you have learned? In the future, would you finance a car or would you rather pay cash for a car? Why? What are some hidden costs to owning a car? Renting an Apartment Step 1: What are your priorities? (5 Points) Size Amenities Price Location Property Rules Facilities The Landlord Appliances Closets, Storage Space, Power Outlets Lease Details Length of Lease Parking / Transportation Utilities Deposit Safety Bathroom Windows and Lighting Age of Rental Bathrooms Mice, Pests, Mold Control Out of the twenty factors listed, decide which five are the most important to you. Explain why, what you want and how you can check a rental for that factor. 1.) 2.) 3.) 4.) 5.) Step 2: Choose your apartment. (10 Points) Now that you have prioritized your requirements, look for wo rentals in the same city / town. You can use: http://www.apartments.com or similar website. One rental should be a corporate housing development. Visit their website for more information. Also, google rental reviews for the apartment complex. Budget: It should be no more than 25% of your monthly income of $2,400. You Monthly Budget = ______________ You may have a roommate(s). *** Don’t forget your summary on the last page. *** Rental Property #1: Web Address: Location: Price: Application Fee: Property Address: Size (Sq. Ft.): Type of Parking: Bedrooms: Nearest Public Transportation: Bathrooms: Private / Corporate Owner: Property Reviews: 2 Pictures of Rental Property: Utilities: Amenities: Rental Property #2: Web Address: Location: Price: Application Fee: Property Address: Size (Sq. Ft.): Type of Parking: Bedrooms: Nearest Public Transportation: Bathrooms: Private / Corporate Owner: Utilities: Amenities: Property Reviews: 2 Pictures of Rental Property: Step 3: Summary (10 Points) Paragraph 1: What is the price of the property you chose? How do you plan to pay your monthly rent payment if the price is over your budget? Will you have roommates? How many roommates will you have? How much will each of you have to pay? How would you go about finding roommates? Paragraph 2: How did you determine why it was right for you? What are the pros and cons of this property? Which priorities does this property have? Which priorities does this property lack? What made you choose this property? Who is it owned by? Paragraph 3: Did anything about this assignment surprise you? Why or why not? What will you do differently in the future now that you have this information about renting? Software Developer Name: Institution: Date: Software Developer  Software developers build information technology applications, programs and systems that are used on a day to day basis both at home and in the professional world.  Software developers work in all organizations that have an IT foundation.  For example, in the manufacturing sectors, software developers play a vital role in enhancing efficiency by developing systems that simplify the manufacturing processes. Median Pay Software Developer Becoming a Software developer  In many cases, software developers have a bachelor’s degree in computer science. However, to become a software developer, one need to have strong computer programming skills.  A person can thus become a software developer by acquiring the right programming skills and applying them by building applications and systems.  People with strong computer programming backgrounds and no bachelor’s degree tend to have a better chance of becoming software developers than individuals with a computer science degree and no computer science background. Important Qualities  Analytical skills. Software developers must be able to analyze situations and create solutions in terms of software.  Creativity. A software developer must be creative enough to build genius software.  Detail oriented. Software developers are attentive to details as these details determine the end product.  Interpersonal skills. Software developers have good communication and collaborative skills necessary when looking to work in teams. Software Developer What they do  Analyzing a project’s needs  Recommend changes to improve software or system efficiency.  Ensure continued functionality of systems and programs.  Develop new software and systems. Software Developer Job Outlook  21% projected growth from 2018 to 2028.  The rate is faster than the average for all other occupations.  Demand for software developers is rising because of the continued application of technologies in all industries. My Taxes What is your Federal effective tax rate? 24% Federal Tax Amount for Your Income? $29,565.20 FICA (Social Security) Effective Tax Rate? 7.65% FICA (Social Security) Amount for your income? $8,077.64 What is your State effective tax rate? 4% California Tax Amount for your income? $ 4,223.60 Total Income Taxes $41,866.44 Take home pay Annual salary: $105,590 Total Income Taxes $41,866.44 = Net Income $63,723.56 Software Developer I choose this career because  I love being creative and innovative  It has been my childhood dream  I believe technology will save the world from many problems  I am inspired by the work done by Elon Musk Software Developer Possible issues  High burnout rates  Strict deadlines  Increasing competitiveness in the market  Requires high skills  Poor leadership and management Any questions? Software Developer Name: Institution: Date: Software Developer  Software developers build information technology applications, programs and systems that are used on a day to day basis both at home and in the professional world.  Software developers work in all organizations that have an IT foundation.  For example, in the manufacturing sectors, software developers play a vital role in enhancing efficiency by developing systems that simplify the manufacturing processes. Median Pay Software Developer Becoming a Software developer  In many cases, software developers have a bachelor’s degree in computer science. However, to become a software developer, one need to have strong computer programming skills.  A person can thus become a software developer by acquiring the right programming skills and applying them by building applications and systems.  People with strong computer programming backgrounds and no bachelor’s degree tend to have a better chance of becoming software developers than individuals with a computer science degree and no computer science background. Important Qualities  Analytical skills. Software developers must be able to analyze situations and create solutions in terms of software.  Creativity. A software developer must be creative enough to build genius software.  Detail oriented. Software developers are attentive to details as these details determine the end product.  Interpersonal skills. Software developers have good communication and collaborative skills necessary when looking to work in teams. Software Developer What they do  Analyzing a project’s needs  Recommend changes to improve software or system efficiency.  Ensure continued functionality of systems and programs.  Develop new software and systems. Software Developer Job Outlook  21% projected growth from 2018 to 2028.  The rate is faster than the average for all other occupations.  Demand for software developers is rising because of the continued application of technologies in all industries. My Taxes What is your Federal effective tax rate? 24% Federal Tax Amount for Your Income? $29,565.20 FICA (Social Security) Effective Tax Rate? 7.65% FICA (Social Security) Amount for your income? $8,077.64 What is your State effective tax rate? 4% California Tax Amount for your income? $ 4,223.60 Total Income Taxes $41,866.44 Take home pay Annual salary: $105,590 Total Income Taxes $41,866.44 = Net Income $63,723.56 Software Developer I choose this career because  I love being creative and innovative  It has been my childhood dream  I believe technology will save the world from many problems  I am inspired by the work done by Elon Musk Software Developer Possible issues  High burnout rates  Strict deadlines  Increasing competitiveness in the market  Requires high skills  Poor leadership and management Any questions? ...
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Final Answer

Attached.

Name: __________________________________

Date: _______________

Unit 3 Major Purchases TGA ~ 55 Points
Saving your TGA: Last Name, First Name Initial Student ID#_3.11 Major Purchases TGA.
Example: Smith, J 1234567_3.11 Major Purchases TGA
When you are done, use the Dropbox to turn in your completed assignment.

In just a few short months, you will be making some life changing decisions. You’ve already explored a career choice by
completing the Get a Job TGA. Today, we will be taking a look at some of the biggest expenses a person makes
throughout their lifetime. First, you will be searching for new and used cars that you are interested in and calculating how
much it would cost to finance these vehicles. Second, you will be using a budget to search for a place to live.

Buying a Car
Step 1: What are your priorities? (5 Points)
List 5 priorities that you must have in a vehicle. Explain why each of these priorities are important to you. Some potential
priorities could be safety, style, size, gas mileage, low cost to own, look, comfort, low price, handling, reliability, comfort,
power, room, trunk space, etc…
1.) Low on cost. Below $50,000
2.) Size needs to be a sports utility vehicle
3.) Low on fuel consumption and maintainance costs
4.) Good handling and reliability
5.) Comfortable with a good leg room for back seat

Step 2: Choose your Vehicle (10 Points)
Build and price a new car. Fill in the information about your car on the table below and provide 2 pictures of your car (1
Exterior / 1 Interior). I have provided links to some car manufacturer websites below. If you do not find the manufacturer
you like, feel free to go to their website.

New Car Websites
www.chevrolet.com

www.ford.com

www.dodge.com

www.toyota.com

www.kia.com/us/en/home

www.hyundaiusa.com

www.ramtrucks.com

Build and Price a New Car
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mwalimumusah (21176)
New York University

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