For the first part of this activity, you will be given a hypothetical monthly income, a list of your basic monthly bills, and a brief description of your living situation and daily life.Based on that information, you will create a monthly budget and financial plan that allows you to pay all of the necessary bills while also having enough money left over to live for the month.

You currently work as an elementary school teacher.

Your annual salary is $45,000
You bring home a weekly paycheck and your total monthly income, after taxes, is $2,850.00
You live alone in an apartment with the following bills:

Monthly rent: $1,000
Electric Bill: $82
Gas and Water: $44
Internet: $75
Other monthly bills include:

Cell Phone: $85
Student Loan: $200
Car Insurance: $130
Gym Membership: $20
Other details and expenses:

You live a pretty simple life. You are single and enjoy going out to dinner with friends once or twice a month.
You enjoy eating healthily and generally spend a good portion of your income on purchasing organic food. You like to grocery shop weekly and, on average, spend $100 per week.
You have a dog and he is due for a monthly check-up this month. You estimate this will cost around $150, but you have not scheduled the appointment yet.
You are relatively healthy and rarely visit the doctor, but you do have asthma that requires monthly inhalers. These are not covered by insurance and cost you $110 per month.
You love treating yourself to a movie. A movie ticket costs $10.
There is a concert that your friends have asked you to attend this month. Tickets are $250.
You opened a savings account several months ago and set a goal to deposit $200 into it each month.
Your Mom’s birthday is this month and you want to send her flowers. It will cost $75 to send her a beautiful bouquet.
The service light recently came on in your car. You have been avoiding taking it to the shop because you anticipate that it will cost anywhere from $150-$300. But if your car breaks down, you will not be able to get to work.

Answers

Answer 1

3750 take home monthly pay

if you have a salary that is the value for the whole year. Divide by 12 for each month to get the monthly take home gross pay.  

45000/12 = 3750


Related Questions

A stock issued by a stable corporation that generally attracts conservative investors is called a(n) _______ stock.

Answers

Blue-chip stocks are the stock issued by a stable corporation that generally attracts conservative investors.

Blue-chip stocks refers to a type of stock investment which is well-established by reliable companies that has advantageous positions in their markets.

These type of firm which issues Blue-chip stocks are firm which has been successful in the industry and thus, rewards its shareholders with regular dividends.

Therefore, the Blue-chip stocks are the stock issued by a stable corporation that generally attracts conservative investors.

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Property received through a contribution is to be recognized at its fair market value and offset with a credit entry to a: Additional Paid-in Capital account. Contribution Revenue account. Miscellaneous Gain account. Paid-in Capital account.

Answers

Answer:

additional paid in capital accound

if financial management is the heartbeat of competitive businesses, what keeps that heartbeat stable?

Answers

Answer:

the  lungs or the brain

Explanation:

in most states, only the member-managers will be entitled to vote. Group of answer choices True False

Answers

this is false hope that helps

shares of stock previously sold by the corporation that are repurchased are called

Answers

Answer:treasury stock

Explanation:

Shares of stock previously sold by the corporation that are repurchased are called Treasury stock.

What is stock?

A stock is a colloquial phrase for any product - market papers. , a share alludes to a certain stock's certificates. The holder becomes an investor if you possess shares of a specific corporation.

A stock that used to be in circulation but has since been bought back and is now owned by the corporation that issued it is referred to as equity security. Treasury stock is a counter-accounting concept since it lowers the overall investors' ownership on a financial sheet.

The federal stock decommissioned shares can indeed be reproduced; only stocks that are held in the capital can. Shares that are retired lower the group's overall number of authorized shares.

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The phenomenon of selecting an insurer that charges lower rates for a specific risk exposure is known as:

Answers

Adverse selection. The phenomenon of selecting an insurer that chargers lower rates for a specific risk exposure is known as: The number of similar exposure units is small. All risks are not insurable.

The skill of digital______ allows a user to search, find, process, and evaluate information relating to digital resources.

Answers

Answer:

literacy

hope this helps<3

List 5 Entrepreneural qualities​

Answers

Explanation:

resolute motivation and passion, creative thinking, self discipline, risk taking ability, and persistence

It's better to use a debit card instead of a credit card when making online purchases. *1 pointTrueFalse

Answers

Answer:

F

Explanation:

On October 1, X-it Company bought a new delivery truck for $30,000. X-it plans to use the truck for 4 years, after which it will be sold for $6,000. What is depreciation expense for the year ended December 31 that year using double-declining-balance

Answers

Answer:

$3,750

Explanation:

The truck was only used for 3 months of the year. Therefore, the 3 months of depreciation equals:

$3,750 = ($30,000 x 2/4 x 3/12)

Bear State Bank has decided that tellers must rotate through a new weekend shift on Saturday afternoons because several of its financial competitors have recently begun to offer additional hours to customers. Bear State Bank is implementing a(n) ________ change. Multiple Choice adaptive reactive innovative radically innovative

Answers

In this scenario of the bank rotating a new weekend shift, then, we can say the bank is implementing an innovative change.

In organization development, innovative changes are very important because its helps to creates or captures a new organizational value in a new way.

Normally, there will have been series of operation innovation performed in the organization, but here, the is a change in innovation because of the adjustment and rotation of new weekend shift.

In conclusion, the Option B is correct because bank is implementing an innovative change.

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How will an employee know whether or not their employment is a contract or at will

Answers

Good question. If you have not signed an at-will agreement, check your employee manual or other written workplace policies.For example, if you have a two-year contract that states you can be fired during the contract term only for committing a crime, then you are not an at will employee.

Although marketing strategy requires a good marketing mix, on which element of the mix is the Microsoft case focused?

Answers

Based on marketing strategy analysis, the excellent marketing mix that the Microsoft case focused on is Price.

This is because it has been observed that Microsoft generally sets the price of their products based on the cost of their competitors and the demand of the consumer.

This was evident when Microsoft set the price of their Windows OS at a premium rate due to its increased demands.

The other elements of marketing mix aside from Price include the following:

ProductPlacePromotion

Hence, in this case, it is concluded that the correct answer is "Price."

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How does Truth-in-lending benefit consumers when shopping for a loan? a. Truth-in-lending allows consumers to be frank with the lenders and talk about very personal things. B. Truth-in-lending requires all lending institutions to eventually convert all of their loans to fixed interest rates. C. Truth-in-lending requires consumers to admit whether or not they can actually afford the loan they’re applying for. D. Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

Answers

Answer:

A

Explanation:

Truth-in-lending allows consumers to be frank with the lenders and talk about very important things

Answer: D

Explanation:

Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

taking the test rn edge 21-22

westover ridge offers a 9 percent coupon bond with semiannual payments and a yield to maturity of 11.68 percent. the bonds mature in 16 years. what is the market price per bond if the face value is $1,000?

Answers

$807.86 is the answer

The Current Market Price of Bond is $807.86.

How to compute Current Market Price of Bond?

The present market value of Bond can be ascertained by using following Formula:

V = 2n∑t=1 [(I/2) / {(1+kd /2)t }] + [F / (1+kd /2)2n]

   = I/2 (PVIFA kd/2, 2n) + F (PVIF kd/2, 2n)

Where,

V = Value of the bond = to be ascertained.

I/2 = Semi-annual interest payment - 9% / 2 * $1000 - $45

Kd /2 = Discount rate applicable to a half-year period (YTM) – 11.68%/2 - 5.84%

F = Par value of the bond repayable at maturity - $1000

2n = Maturity period expressed in terms of half-yearly periods. 16*2 – 32 times

Current Market Price (CMP) of Bond and the yield to maturity has inverse relation i.e. if the YTM is more than coupon rate then the price of bond is less than its face value. This can be easily understand by graph attached. It help investor to take wise investment decision in bond market.

Therefore, if YTM is 11.68% and Coupon rate is 9.00 % semi-annually than the CMP would be $807.86 i.e. less than its FV 1000$.

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expansionary fiscal policy is used in order to ______ the economy.

Answers

Answer:

stimulate

expansionary fiscal policy is used in order to “stimulate” the economy; this is the right answer

the statement of cash flows provides summary information about cash

Answers

Answer: inflow and outflow

Explanation: The statement of cash flows shows where cash is coming from, the inflow and where cash is going to, the outflow. It is the last financial statement to be prepared.

Hope this helps

to file your federal and state taxes you ____________

Answers

Taxes are often paid to government from our income. To File a Federal and State Income Tax Return, one must first need to find out how much money made the previous year. Then one need to decide if to take the standard deduction or itemize your return. Finally, you'll need to submit everything.

Steps to take so as to File a Tax Return

Try and compile your paperwork, including A W-2 form from each employer, other earning and interest statements etc.

Then one need to Choose your filing status. Filing status is often based on if you're married. The percentage you pay toward household expenses also affects your filing status.

The individual has to decide how you want to file your taxes. The IRS often recommends using tax preparation software to e-file for the easiest and most accurate returns.

Find out if one is taking the standard deduction or itemizing your return.

If an individual owe any money, learn how to make a tax payment and also apply for a payment plan.

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Answer:

must prepare the same tax forms for both

Explanation:

trust (i did this quiz 4 times thru to get the right answer)

Producing output at the lowest possible total cost per unit of production is: Multiple choice question.

Answers

Efficiency is defined as the production of  output at the lowest possible total cost per unit of production.

Efficiency involves maximizing all the benefits and importance of the 4

labors of production such as Land, Capital and Labor. When this occurs

efficiency is achieved and the cost of production decreases.

The decrease in the cost of production thereby gives rise to a corresponding increase in profit.

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Simone is writing a cover letter to Casey Jones, and is unsure of the employer's gender. How should she address her letter? a. Dear Casey Jones: b. To Whom It May Concern: c. Dear Hiring Manager: d. Dear Mr. /Ms. Jones: Please select the best answer from the choices provided A B C D.

Answers

Answer:

a. Dear Casey Jones

Explanation:

The most polite one

Answer:

I believe it is "Dear hiring manager"

Explanation:

the lessons said so

Higher product taxes and costly regulations will
A. Increase Supply
B. Supply/Demand Equilibrium
C. Decrease Supply

Answers

Increase supply because I did the test and this was right and if it isn’t sorry

Becca has $500 to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month and her employer has direct deposit. She plans to only use her bank’s ATM four times a month. Bank Account Terms and Conditions Bank Account terms and conditions. Bank B is best for Becca. Which checking account would be best for Becca? Account A Account B Account C Account D.

Answers

Answer:

Account b

Explanation:

If a person wanted to purchase his or her dream car, and keep it for many years, is leasing or buying the better option? Why? a. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off. B. Leasing would be the better option, so the newest model could be driven every few years. C. It wouldn't matter, as long as the person got to drive the dream car. D. Leasing would be the better option because it would allow the person to customize the car and drive it as much as he or she wants.

Answers

Answer: A. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off

Explanation:

The best thing that a person can do if they want their dream car is buying because a. Buying would be the better option because the overall cost would be less. After the car is paid off, the owner gets much more value from the car, having already paid it off.

Why is buying better?

Once you buy your car, it is yours and you can do with it as you please instead of observing stringent rules that come with leasing.

The total cost would also be less because you would have bought the car at a once off amount instead of an amount that has interest.

In conclusion, option A is correct.

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What happens when a series of services is performed in sequence where the output rate of one becomes the input rate of the next

Answers

:

we can no longer use the simple formulas given in the textbook.

Explanation:

I found the answer in my Mcgraw Hill textbook chapter 10 waiting lines .

Which of the following is widely accepted as a method of payment?

A. Free exchange of ideas
B. Deferred payments
C. Medium exchange of money
D. None of these

Answers

Answer:

C

Explanation:

which is a legal tender and it's generally acceptable

I vote is on c

Because I said so

In order to anticipate demand, advertising and promotions must be coordinated with the departments that control inventory. store managers. human resource departments. fulfillment centers. customers.

Answers

Answer:

Tayo ang para sa isat isa....di ba sinta tayo dalawa lang noon para sa isat isa ...bat di sumangayon sa ating ang panahon,

Explanation:

chorus:

siguro ngay wala ng natira sa alam....

The three factors that evaluate the level of creativity in the decision-making process are fluency, flexibility, and originality. True False

Answers

Making choices among alternative courses of action is known as decision making. The three factors that evaluate the level of creativity in the decision-making process are fluency, flexibility, and originality is a true statement.

Creative decision-making is simply known as the ability to consider all views and solve a problem in a new way.

It often set up new or better ways, offer a new method or even help discover a new product or service for a business to offer.

Researchers often focus on three factors to evaluate the level of creativity in the decision-making process. They are:

Fluency: this refers to the number of ideas an individual is able to get. Flexibility: Based on if decision makers are able to get several unique solutions to a problem.Originality: something/Idea that is conceived by you.

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If both parties to a budget negotiation seek to expand the overall budget so that each party gets more, this is an example of which kind of negotiation strategy

Answers

The kind of negotiation strategy whereby both parties to a budget negotiation seek to expand the overall budget so that each party gets more is an example of integrative negotiation.

An integrative negotiation refers to a negotiation approach whereby both party reach a joint agreement through the creation of value for each party

Here, the value created is that the overall budget will be expanded so that each party gets more.

Therefore, this type of negotiation strategy is known as integrative negotiation.

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A certain manufacturing process might 5 hours in the best-case scenario, 7 hours in the most likely situation, or 10 hours under the worst possible circumst
approximately the most realistic duration the process might take according to PERT?
OA.
5 hours
OB.
6 hours
OC. 7 hours
OD. 8 hours

Answers

Answer:

i think its 6 hours

Explanation:

What is operations management and its role?

Answers

In its broadest sense, operations management is responsible for all aspects of creating goods and services. It manages resources such as materials, machines, technology, and people, and makes products and services that the marketplace wants.

At both large and small organizations, operations managers supervise, hire, and train employees, manage quality assurance programs, strategize process improvements, and more. Operations managers are ultimately responsible for maintaining and increasing the efficiency of a business, agency, or organization.

- INTELLIGENT answerer

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A hot air balloon is at an elevation of 425 feet. It descends 110 feet what is the elevation of the balloon? The War of the Worlds by H. G. Wells [1898] But who shall dwell in these worlds if they be inhabited?Are we or they Lords of the World?And how are all things made for man? KEPLER (quoted in The Anatomy of Melancholy)BOOK ONE: THE COMING OF THE MARTIANS CHAPTER ONE: THE EVE OF THE WAR, excerptNo one would have believed in the last years of the nineteenth century that this world was being watched keenly and closely by intelligences greater than man's and yet as mortal as his own; that as men busied themselves about their various concerns they were scrutinised and studied, perhaps almost as narrowly as a man with a microscope might scrutinise the transient creatures that swarm and multiply in a drop of water. With infinite complacency men went to and fro over this globe about their little affairs, serene in their assurance of their empire over matter. No one gave a thought to the older worlds of space as sources of human danger, or thought of them only to dismiss the idea of life upon them as impossible or improbable. It is curious to recall some of the mental habits of those departed days. At most terrestrial men fancied there might be other men upon Mars, perhaps inferior to themselves and ready to welcome a missionary enterprise. Yet across the gulf of space, minds that are to our minds as ours are to those of the beasts that perish, intellects vast and cool and unsympathetic, regarded this earth with envious eyes, and slowly and surely drew their plans against us. And early in the twentieth century came the great disillusionment.Yet so vain is man, and so blinded by his vanity, that no writer, up to the very end of the nineteenth century, expressed any idea that intelligent life might have developed there far, or indeed at all, beyond its earthly level. Nor was it generally understood that since Mars is older than our earth, with scarcely a quarter of the superficial area and remoter from the sun, it necessarily follows that it is not only more distant from time's beginning but nearer its end.The secular cooling that must someday overtake our planet has already gone far indeed with our neighbour. Its physical condition is still largely a mystery, but we know now that even in its equatorial region the midday temperature barely approaches that of our coldest winter. Its air is much more attenuated than ours, its oceans have shrunk until they cover but a third of its surface, and as its slow seasons change huge snowcaps gather and melt about either pole and periodically inundate its temperate zones. That last stage of exhaustion, which to us is still incredibly remote, has become a present-day problem for the inhabitants of Mars. The immediate pressure of necessity has brightened their intellects, enlarged their powers, and hardened their hearts. And looking across space with instruments, and intelligences such as we have scarcely dreamed of, they see, at its nearest distance only 35,000,000 of miles sunward of them, a morning star of hope, our own warmer planet, green with vegetation and grey with water, with a cloudy atmosphere eloquent of fertility, with glimpses through its drifting cloud wisps of broad stretches of populous country and narrow, navy-crowded seas.And we men, the creatures who inhabit this earth, must be to them at least as alien and lowly as are the monkeys and lemurs to us. The intellectual side of man already admits that life is an incessant struggle for existence, and it would seem that this too is the belief of the minds upon Mars. Their world is far gone in its cooling and this world is still crowded with life, but crowded only with what they regard as inferior animals. 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