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Excel Activity #2b. Budgeting. Overview & Income Example. Budget - an estimate of income and expenditure for a set period of time. Minimum Wage Job – Washington $9.32 full time 40 hours a week 40*9.32 = $372.80 per week $372.80*4 = $1,491.20 Gross pay
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Excel Activity #2b Budgeting
Overview & Income Example • Budget - an estimate of income and expenditure for a set period of time. • Minimum Wage Job – • Washington $9.32 • full time 40 hours a week • 40*9.32 = $372.80 per week • $372.80*4 = $1,491.20 Gross pay • $1,491.20*.15 = $223.68 federal taxes • $1,491.20-$223.69 = $1,267.51 month (without other deductions included)
Expenses • Housing • Electricity • Transportation • Phone • Internet • TV • Food • Clothes • Eating Out • Movies • Video Games • Credit Cards • Car Insurance • Health Insurance • Rental/House Insurance • Gas/Maintenance • Savings/Investments • Shopping/Hanging Out • School • Books • Items Necessary for Job • Housing Incidentals • Miscellaneous • Medicines