assignment No.7

Assignment: Determine a monthly household budget based on the following information. You have recently been hired as an accountant with at an annual gross salary of $40,000. Assuming a 30% factor for Federal taxes, Social Security and Medicare deductions, and other deductions, your monthly net pay is $2,333. Determine a month budget based on this monthly income. Please Note: 1. Do not assume additional income or gifts such part-time baby sitting or cleaning gifts, and or birthday or Christmas gifts. Your monthly net income is provided the instruction parameters While each student is accepting this position and salary, it is also assumed that cach student will be required to pay rent, insurance, and a car note. You may require additional research on area rents insurances, and monthly car payments. A good source for this information would be family and friends