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1 . How much will you pay for health care each year 2 ? 2 . How much do you plan to save for retirement

1. How much will you pay for health care each year2
?
2. How much do you plan to save for retirement each year3
?
3. What is your taxable income for federal income taxes, NJ state income taxes, and FICA?
4. What is your total annual federal income tax, NJ state income tax, and FICA taxes? What is your
average tax rate (combined for all three taxes)?
5. What will be your monthly take-home pay (after health care, retirement savings, and taxes)?
6. List and estimate your essential expenses per month. These are expenses that are necessary for
living and to pay off debts. Examples include rent, student or car loan payments, car insurance,
utilities, groceries, etc.
7. List and estimate your discretionary purchases per month. These purchases are expenses you
dont need to survive but bring you joy. Examples include gym fees, salons, movies, streaming
services, video games, vacations, etc.
8. List and estimate the money you plan to save for large future purchases. This savings can be for
large purchase you expect to make at some point in the future. Examples include saving for a
down payment on a house, buying a car, saving for graduate school, etc PLEASE ANSWER ALL QUESTIONS I WILL UPVOTE
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