annual salary: $29,640

tax rate: 18%

debt: $2,410

savings: $12,810

(its a project with this given information)

Budget Use this form to calculate your Net Monthly Income and create your budget. When you have completed your budget, sketch a pie chart for your spending. A couple rules of thumb: most financial advisors suggest not spending more than 1/3 of your budget on housing and to save at least 1/10 of your money. Annual Salary: $ $29,640 Tax Rate: 18% Net Monthly Income: $ Ple Chart Amount of Taxes: $ Net Annual Income: $ Projected Monthly Budget Percent of Catogory Budget Total (must add to 100%) Housing Groceries Transportation Debt - Loan Monthly Payment (from previous assignment) Savings Extras (phones, clothes, internet, cable, etc.) 1. How did you determine your budget? Did you need to make any special considerations? 2. After housing, what is your most significant part of your budget? Why did you make that choice