Handout 4-3 2016 HHS Poverty Guidelines To classify one's socioeconomic status at or below the poverty line, one person who lives on their own, how much does this one person make per hour? If you take that $12,071 and divide by 12 months, then divide that by 4.3 weeks in a month, then divide that by 40 hours in the week, you will have the approximate hourly wage. $12,071/12 months --$1005.92; $1005.92/4.3 weeks--$233.93; $233.93/40 hours--$5.85 per hour Note the amounts listed in this table is for the entire year (not per month). Persons in family or household (Family Size) For each additional pension, add 48 contiguous states and D.C. $12,071 $15,379 $18.850 $24,230 $28,695 $32,473 $36,927 $40,968 $4,160 Alaska Hawaii $15,088 $13,881 $19,223 $17.685 Chapter 4: Infancy: Socioemotional Development $23,562 $30,287 $21,677 $27,864 $35,868 $32.999 $40,591 $37,343 $46,158 $42,466 $51,210 $47,113 $5,200 $4,780 Source: 2016 Annual update of the HHS Poverty Guidelines for the 48 Contiguous States and the District of Columbia. (2016). Retrieved from https://aspe.hhs.gov/computations-2016-poverty-guidelines Handout 4-4 Monthly Budget for a Family of Two/Three/Four Please indicate the size of your family: Directions: Make a best-estimate income and a budget for your hypothetical family of two/three/four, for each of the categories below. You can ask your current family members for the respective amounts). Income Wages (take home) partner 1: S Wages (take home) partner 2: $ Miscellaneous income: S Total income: S Expenses Auto payment(s): Auto expenses (gas and so on)/Public transportation: Auto insurance: Beauty shop and barber. Cable TV: Cell phone bill: Child care: Clothes: Dental bills: Diapers: Electric bill: Entertainment (movies, games, and so on): Water bill: Total Expenses: $ Budget Calculation total income-total expenses - $ Groceries: Gas company bill: Health insurance: Home repairs: Chapter 4: Infancy: Socioemotional Development Internet provider. Laundry and dry cleaning: Monthly subscriptions (for example, Netflix, Hulu) (Use the space below to list any other category for expenses) Life insurance: Medical bills Mortgage or rent: Outside meals: School expenses: Telephone bill: Pet/Vet expenses: (Consider this: Does your family budget work? In addition to any other incidental expenses, you didn't even calculate the taxes this family would owe!) 2 Handout 4-5 Monthly Budget for a Family of Two/Three/Four using the 2016 HHS Poverty Guidelines Please indicate the size of your family. It must be the same size as above: Please write the amount from the 2016 HHS Poverty Guidelines on Handout 4.3 that applies to your Family Size in the 48 contiguous states and D.C. (page 1 of THIS document): Directions: Make a best-estimate budget for your hypothetical family of two/three/four now using your poverty line income amount you wrote above, and list the expenses you NOW have for each of the categories below. Income (Amount-2016 HHS Poverty Guidelines from above): Expenses Auto payment(s): Auto expenses (gas and so on)/Public transportation: Auto insurance: Beauty shop and barber. Cable TV: Cell phone bill: Child care: Clothes: Dental bills: Diapers: Electric bill: Entertainment (movies, games, and so on): Water bill: Monthly subscriptions (for example, Netflix, Hulu) Total Expenses: Budget Calculation total income-total expenses - $ Groceries: Gas comp (Use the space below to list any other category for expenses) Chapter 4: Infancy: Socioemotional Development bill: Health insurance: Home repairs: Internet provider. Laundry and dry cleaning: Life insurance: Medical bills: Mortgage or rent: Outside meals: School expenses: Telephone bill: Pet/Vet expenses Does your family budget still work? The budget calculation should be different numbers on Handout 4.4 and Handout 4.5. What changed? Handout 4-3 2016 HHS Poverty Guidelines To classify one's socioeconomic status at or below the poverty line, one person who lives on their own, how much does this one person make per hour? If you take that $12,071 and divide by 12 months, then divide that by 4.3 weeks in a month, then divide that by 40 hours in the week, you will have the approximate hourly wage. $12,071/12 months --$1005.92; $1005.92/4.3 weeks--$233.93; $233.93/40 hours--$5.85 per hour Note the amounts listed in this table is for the entire year (not per month). Persons in family or household (Family Size) For each additional pension, add 48 contiguous states and D.C. $12,071 $15,379 $18.850 $24,230 $28,695 $32,473 $36,927 $40,968 $4,160 Alaska Hawaii $15,088 $13,881 $19,223 $17.685 Chapter 4: Infancy: Socioemotional Development $23,562 $30,287 $21,677 $27,864 $35,868 $32.999 $40,591 $37,343 $46,158 $42,466 $51,210 $47,113 $5,200 $4,780 Source: 2016 Annual update of the HHS Poverty Guidelines for the 48 Contiguous States and the District of Columbia. (2016). Retrieved from https://aspe.hhs.gov/computations-2016-poverty-guidelines Handout 4-4 Monthly Budget for a Family of Two/Three/Four Please indicate the size of your family: Directions: Make a best-estimate income and a budget for your hypothetical family of two/three/four, for each of the categories below. You can ask your current family members for the respective amounts). Income Wages (take home) partner 1: S Wages (take home) partner 2: $ Miscellaneous income: S Total income: S Expenses Auto payment(s): Auto expenses (gas and so on)/Public transportation: Auto insurance: Beauty shop and barber. Cable TV: Cell phone bill: Child care: Clothes: Dental bills: Diapers: Electric bill: Entertainment (movies, games, and so on): Water bill: Total Expenses: $ Budget Calculation total income-total expenses - $ Groceries: Gas company bill: Health insurance: Home repairs: Chapter 4: Infancy: Socioemotional Development Internet provider. Laundry and dry cleaning: Monthly subscriptions (for example, Netflix, Hulu) (Use the space below to list any other category for expenses) Life insurance: Medical bills Mortgage or rent: Outside meals: School expenses: Telephone bill: Pet/Vet expenses: (Consider this: Does your family budget work? In addition to any other incidental expenses, you didn't even calculate the taxes this family would owe!) 2 Handout 4-5 Monthly Budget for a Family of Two/Three/Four using the 2016 HHS Poverty Guidelines Please indicate the size of your family. It must be the same size as above: Please write the amount from the 2016 HHS Poverty Guidelines on Handout 4.3 that applies to your Family Size in the 48 contiguous states and D.C. (page 1 of THIS document): Directions: Make a best-estimate budget for your hypothetical family of two/three/four now using your poverty line income amount you wrote above, and list the expenses you NOW have for each of the categories below. Income (Amount-2016 HHS Poverty Guidelines from above): Expenses Auto payment(s): Auto expenses (gas and so on)/Public transportation: Auto insurance: Beauty shop and barber. Cable TV: Cell phone bill: Child care: Clothes: Dental bills: Diapers: Electric bill: Entertainment (movies, games, and so on): Water bill: Monthly subscriptions (for example, Netflix, Hulu) Total Expenses: Budget Calculation total income-total expenses - $ Groceries: Gas comp (Use the space below to list any other category for expenses) Chapter 4: Infancy: Socioemotional Development bill: Health insurance: Home repairs: Internet provider. Laundry and dry cleaning: Life insurance: Medical bills: Mortgage or rent: Outside meals: School expenses: Telephone bill: Pet/Vet expenses Does your family budget still work? The budget calculation should be different numbers on Handout 4.4 and Handout 4.5. What changed
