Budget Exercise scenario 1 Budget Exercise scenario 2 Name Section MGT12 Monthly Budget Exercise Develop a mohly budget for a given gross income level -$30,000 per year, 10% 560,000 per year, 25% taxes Annual Gross Salary Monthly Cross Salary calculated Tax Rate estimated $100.000 per year: 30% Save at least of Grow Income Speed at least 25% of Grow Income Housing Have to populate all cateperies $50 lowest amount for any populated category Anal Taxes calculated calculated Annual Take Home or Net Pay Monthly Take Home or Net Pay calculated minum 5 ortala Minimum 10% Gross Savings 25% Gross of total oss notesguidelines 10.0% 10% Gross Monthly Income 25.07% 25% Gros Monthly Income phone, internet, electricity, gas, water car payment, maintenance, wpistration, cating that 5100 3 Utilities 4 Auto Transportation 5200 Food $450 6 Clothes $50 7 Insurance health car, other 5200 Consumer Debt Repayment student ans, credit card interest, installment credit SSO 9 Recreation Left Alle SSO Monthly Take Home or Net Pay 100.0% 100%-tax rate has to equal cell CII Budget Exercise scenario 1 Budget Exercise scenario 2 Name Section MGT12 Monthly Budget Exercise Develop a mohly budget for a given gross income level -$30,000 per year, 10% 560,000 per year, 25% taxes Annual Gross Salary Monthly Cross Salary calculated Tax Rate estimated $100.000 per year: 30% Save at least of Grow Income Speed at least 25% of Grow Income Housing Have to populate all cateperies $50 lowest amount for any populated category Anal Taxes calculated calculated Annual Take Home or Net Pay Monthly Take Home or Net Pay calculated minum 5 ortala Minimum 10% Gross Savings 25% Gross of total oss notesguidelines 10.0% 10% Gross Monthly Income 25.07% 25% Gros Monthly Income phone, internet, electricity, gas, water car payment, maintenance, wpistration, cating that 5100 3 Utilities 4 Auto Transportation 5200 Food $450 6 Clothes $50 7 Insurance health car, other 5200 Consumer Debt Repayment student ans, credit card interest, installment credit SSO 9 Recreation Left Alle SSO Monthly Take Home or Net Pay 100.0% 100%-tax rate has to equal cell CII