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    Monthly Plan

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    This document provides a monthly budget report sheet that outlines a student's net income and expenditures. The student's monthly net income after taxes is $4,283.28. The largest expenditures are $1,826 for rent, $438 for vehicle costs, and $350 in savings deposits. When total monthly expenditures of $3,879.41 are subtracted from the net monthly income of $4,283.28, there is a small monthly surplus of $403.87.

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    Monthly Plan

    Uploaded by

    api-375358362
    43 views2 pages
    This document provides a monthly budget report sheet that outlines a student's net income and expenditures. The student's monthly net income after taxes is $4,283.28. The largest expenditures are $1,826 for rent, $438 for vehicle costs, and $350 in savings deposits. When total monthly expenditures of $3,879.41 are subtracted from the net monthly income of $4,283.28, there is a small monthly surplus of $403.87.

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    This document provides a monthly budget report sheet that outlines a student's net income and expenditures. The student's monthly net income after taxes is $4,283.28. The largest expenditures are $1,826 for rent, $438 for vehicle costs, and $350 in savings deposits. When total monthly expenditures of $3,879.41 are subtracted from the net monthly income of $4,283.28, there is a small monthly surplus of $403.87.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views2 pages

    Monthly Plan

    Uploaded by

    api-375358362
    This document provides a monthly budget report sheet that outlines a student's net income and expenditures. The student's monthly net income after taxes is $4,283.28. The largest expenditures are $1,826 for rent, $438 for vehicle costs, and $350 in savings deposits. When total monthly expenditures of $3,879.41 are subtracted from the net monthly income of $4,283.28, there is a small monthly surplus of $403.87.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Senior Economics/Budget Project-Impact Academy Student Handout

    Monthly Budget Report Sheet


    1. Computing Monthly Net Income

    Gross Income......................................................................... $___$6,341.76_


    FICA Amount................................................................... $___$393.14
    Medicare Tax.................................................................... $___$88.74____
    Federal Tax....................................................................... $___$824.33___
    State Tax........................................................................... $___$253.64___
    Health Insurance... $___$247.00_
    Life Insurance... $ $27.53__
    Retirement Account.. $___$224.1__

    Net Income............................................................................ $___$4,283.28_

    2. Monthly Expenditures

    Rent....... $__ $1,826.00____


    Vehicle Cost Per Month....... $__ $438.00_____
    Monthly Vehicle Insurance Payment... $___$225.00____
    Monthly Renters Insurance Cost...................................... $__ $19.86____
    Monthly Payment on Student Loan(s) $___$277.55___
    Monthly Phone/Cell Phone Cost...................................... $___$85.00____
    Utilities Monthly Cost (total from below)........................ $___$278.00___
    Cable.................................................$_ $46.00___
    Electric/Gas......................................$__$130.00__
    Water................................................$__$60.00___
    Trash.................................................$__$42.00___
    Other.$__$0____
    Monthly food/clothing costs............................................. $____$230.00____
    (minimum $160 for food + clothing)
    Entertainment Costs......................................................... $____$50.00_____
    Monthly Gasoline/Maintenance Costs............................. $____$100.00____
    Savings Deposits.............................................................. $____$350.00____
    Contributions/Monthly Donations................................... $____$0______
    Total Monthly Expenditures............................................ $__$3,879.41_____
    Monthly Net (bring home) Income................................... $__$403.87______

    Monthly Surplus or Deficit......................................+ or - $______________

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