Accounting part 2 | Accounting homework help

 Based on previous assignment:

Calculate Your Income

: Determine your net income value by subtracting estimated taxes and fees from your gross income.

1.    Calculate Your Expenses: Estimate how much you will spend in a full year for each of the 11 categories listed in the lesson.

2.    Put It All Together: Using the provided budget worksheet, compile and present calculated income and expenses.

3.    Analyze Your Budget: Determine if you are living within your means. If necessary, find ways to reduce expenses so that they are in line with your income.


02.06 Budget Worksheet

Career _________________________________________

 

Difference (net income minus expenses)

 

 

Entertainment

Yearly Cost

Video/DVD

 

Vacation

 

Other

 

Subtotals

 

 

Other Credit Debt

Yearly Cost

Student Loan

 

Credit Card

 

Credit Card

 

Other

 

Subtotals

 

 

Utilities

Yearly Cost

Phone and/or Cell Phone

 

Cable and Internet

 

Electric and Gas

 

Water and Sewer

 

Waste Removal

 

Subtotals

 

 

Personal Care

Yearly Cost

Health Insurance

 

Other Medical Costs

 

Hair/Nails

 

Clothing & Laundry

 

Health Club

 

Organization Dues or Fees

 

Other

 

Subtotals

 

 

Gifts and Donations

Yearly Cost

Holidays and Birthdays

 

Charity Donations

 

Other

 

Subtotals

 

Yearly Budget

 

Gross

Net

Income

 

 

 

         

 

Housing

Yearly Cost

Mortgage or rent

 

Maintenance or repairs

 

Supplies

 

Home Insurance

 

Furnishings

 

Subtotals

 

 

Transportation

Yearly Cost

Vehicle Payment

 

Bus/Taxi Fare

 

Automobile Insurance

 

Licensing

 

Fuel

 

Maintenance

 

Other

 

Subtotals

 

 

Food

Yearly Cost

Groceries

 

Dining Out

 

Subtotals

 

 

Pets

Yearly Cost

Food

 

Medical

 

Grooming

 

Toys

 

Other

 

Subtotals

 

 

Savings or Investments

Yearly Cost

Retirement Account

 

Investment Account

 

Emergency Savings

 

Subtotals

 

 

Reflecting on this Activity

1.    Why is budgeting important to your life?

2.    Describe your experience with this process. Was it easy, difficult, or somewhere in the middle? What factors contributed to your feelings?

3.    How might the use of credit for a large purchase affect your budget? Discuss which type of credit plan you would use, and how your budget can help you protect your credit score.

4.    What adjustments did you have to make to your budget? How did you decide where to make changes?

5.    Will you begin using a budget regularly now? Why or why not?

 

 

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more