1 / 14

Budgets

Budgets. Building a Budget Spreadsheet. Only the Spinner Knows Your Family. Only the Spinner Knows Your Family’s Income. Make a Choice. Make a Choice. Make a Choice. Make a Choice. WHAT DOES THE SPINNER SAY!.

kimo
Download Presentation

Budgets

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Budgets Building a Budget Spreadsheet

  2. Only the Spinner Knows Your Family

  3. Only the Spinner Knows Your Family’s Income

  4. Make a Choice

  5. Make a Choice

  6. Make a Choice

  7. Make a Choice

  8. WHAT DOES THE SPINNER SAY!

  9. The new taxes are complex and escalate depending upon a person or family’s income. They have basically three tiers: • Flat fee: The first tier for lower income taxpayers is fixed, starting at $95 for calendar year 2014 (the first year the mandate is effective), $325 in 2015, and $695 in 2016 and beyond. The total family penalty is capped at 300% of this flat dollar tax — $2,085 in 2016 – for those earning less than about $110,000, according to the CRS. • Percentage of income: The next tier is based upon a percentage of income: 1.0% in 2014, 2.0% in 2015, and 2.5% thereafter. • Cost of a basic health plan: However, as household income increases, eventually the percentage tax will rise to equal the cost of the national average premium for a “bronze-level health plan,” where it is capped. (The bronze plan is expected to be the least expensive plan in the line-up of policies that will be offered through the ObamaCare health insurance exchanges. The Congressional Budget Office estimates that in 2016 the cost of a bronze-level plan for a family would be between $12,000 and $12,500 a year.)

  10. Your Shelter Costs!

  11. Costs Based On # of Family

  12. Your Transportation Costs!

  13. Only the Spinner Knows Your Monthly Credit Card Debt

  14. Basic Spreadsheet Formulas Addition =sum(B1+B3) =sum(B1..B10) Subtraction =sum(B3-B5) Multiplication =sum(B1*B10) Division =sum(B10/B1)

More Related