Slide One

Title of ProjectTitle of Project

Student NamesStudent Names

PeriodPeriod

Slide Two

Explanation Of TaskExplanation Of Task

Slide ThreeJOB

Find a job with your current level of education(High School Find a job with your current level of education(High School Grad)Grad)Include description of job and your wagesInclude description of job and your wagesCalculate your yearly salary, subtract New York State taxesCalculate your yearly salary, subtract New York State taxes Calculate monthly incomeCalculate monthly incomeYearly salary x federal tax rate( 15 %)- yearly salaryYearly salary x federal tax rate( 15 %)- yearly salary

Ex. 25,000 x .15= 3,750Ex. 25,000 x .15= 3,750State income tax- Yearly salary x state tax(5.9%) –Yearly salaryState income tax- Yearly salary x state tax(5.9%) –Yearly salary

Ex 25,000 x .059= 1,475Ex 25,000 x .059= 1,475 Add federal and state tax together and subtract from annual Add federal and state tax together and subtract from annual salary and divide by 12 to get monthly income.salary and divide by 12 to get monthly income.

Ex 3,750 + 1,475 = 5,225Ex 3,750 + 1,475 = 5,22525,000 – 5,225 = 19,77525,000 – 5,225 = 19,77519,775/12= 1,647 monthly income19,775/12= 1,647 monthly income

Slide 4HOUSING

-Can’t live with parentsCan’t live with parents-Find an apartment or house Find an apartment or house -Include Ret/Mortgage, Heat and utilitiesInclude Ret/Mortgage, Heat and utilities-Calculate final cost for all housing costsCalculate final cost for all housing costs

Slide 5Auto

-Find an AFFORDABLE vehicle and calculate monthly -Find an AFFORDABLE vehicle and calculate monthly payments from loanpayments from loan-Monthly Car insuranceMonthly Car insurance- Monthly for gasMonthly for gas-Calculate total for autoCalculate total for auto

Slide 6Baby

-Costs of a baby- food, diapers, wipes, toys, clothes, Costs of a baby- food, diapers, wipes, toys, clothes, daycare.daycare.-Add total up of baby costsAdd total up of baby costs

Slide 7 Miscellaneous

-Food for yourself, entertainment, Health Insurance, cell -Food for yourself, entertainment, Health Insurance, cell phone, cable, internet, etc.phone, cable, internet, etc.

Slide 8Total Cost vs. Income

Add up costs from everything and compare to your incomeAdd up costs from everything and compare to your income

-housing -housing Monthly Income = $2,000Monthly Income = $2,000

-Auto-Auto

-baby-baby

Misc.Misc.

+__________+__________

Slide 9 Conclusion/Self Reflection

Answer the following questionsAnswer the following questions

-Will I be able to support my child and myself?-Will I be able to support my child and myself?

-Will I be able to provide for a happy, loving, and caring -Will I be able to provide for a happy, loving, and caring environment for my child?environment for my child?

-Am I prepared to make drastic changes in my life?-Am I prepared to make drastic changes in my life?

-Am I ready, capable, and responsible enough to bring a -Am I ready, capable, and responsible enough to bring a child into this world?child into this world?

-When is the right time to raise a child?-When is the right time to raise a child?