Pute the yearly income of a person who has a $4.35/hour job. Use fifty-two 40-hour
weeks and take 10% (one tenth) out for taxes.
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CALCULATIONS
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YEARLY INCOME AFTER TAXES $__
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Is the income calculated in step 1 enough to pay for the expenses calculated in step 27 If it
is, then you made a mistake - go back and check your work! How could you modify your
lifestyle in order to make ends meet? Give specific calculations to back up your answer.
CALCULATIONS
alrulate the yearly expenses for a more desirable lifestyle. Do this by adding the following
to the expenses in step 1. Note: Only add the items that you personally would like to have.
Fill in the table on the following page.
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Movies, or going out (per week times 52)
New clothes, furniture and other household items (per year)
Eating out (per week times 52)
Eating foods like steak, snack foods and other nonessentials (per week times 52)
Trips out of town (as, food, lodging, etc.,...) (per year)
New cars (12 monthly payments + $170/year extra insurance)
Sports and hobbies
Other