what is a budget? what is the stock market?
DESCRIPTION
What is a budget? What is the stock market?. Budget. Fixed Cost Variable Cost Budget. Fixed Cost - amounts that stay the same every month like a car payment or rent Variable Cost - amounts that change like food or entertainment or vacations - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/1.jpg)
![Page 2: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/2.jpg)
What is a budget?
What is the stock market?
![Page 3: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/3.jpg)
BUDGET
![Page 4: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/4.jpg)
Fixed Cost Variable Cost Budget
![Page 5: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/5.jpg)
Fixed Cost - amounts that stay the same every month like a car payment or rent
Variable Cost - amounts that change like food or entertainment or vacations
Budget - is a plan for how people will spend their money
![Page 6: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/6.jpg)
Key Points Fixed Costs are amounts that stay the
same every month like a car payment or rent
Variable Costs are amounts that change like food or entertainment or vacations
A budget is a plan for how people will spend their money
Income is the amount of money a person makes
![Page 7: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/7.jpg)
Pay CheckIncome Expenditures
Real Estate Agent 2000 National taxes 200
Watering Lawns 250 State taxes 50Interest from savings 50 House payment 1250
Food and restaurants 300
Travel, clothes, and entertainment 350
Savings account 200
![Page 8: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/8.jpg)
What is the total income? What are the total expenditures? Does this budget work?
![Page 9: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/9.jpg)
Salary.com
Find out how much you make a year and divide it by 12
![Page 10: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/10.jpg)
Which of the following is a fixed expenditure? $300 for food and restaurants B. $350 for travel, clothes and entertainment $1,250 for a house payment $2,000 for Real Estate Which of the following is a variable expenditure?
$300 for food and restaurants C. $250 for watering lawns
$1,250 for a house payment D. $2,000 for Real Estate
![Page 11: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/11.jpg)
Vocabulary Gross Income Net Income Taxes
![Page 12: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/12.jpg)
Vocabulary Gross Income – Total money made Net Income – Money left after taxes Taxes – Money taken out by the
government
![Page 13: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/13.jpg)
Taxes Taxes pay for things like schools, roads,
police and firefighters. Gross income is the total money that is
made Net income is the money left after taxes
(Think of a net catching what is left)
![Page 14: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/14.jpg)
We will use 25% for federal taxes and 4% for state taxes.
![Page 15: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/15.jpg)
Paycheck for Joseph
Payment for yardcare $1500.00
Federal taxes
State taxes
Check amount
![Page 16: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/16.jpg)
Paycheck for Joseph
Payment for yardcare $1500.00
Federal taxes -$375.00
State taxes
Check amount
![Page 17: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/17.jpg)
Paycheck for Joseph
Payment for yardcare $1500.00
Federal taxes -$375.00
State taxes -$60.00
Check amount
![Page 18: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/18.jpg)
Paycheck for Joseph
Payment for yardcare $1500.00
Federal taxes -$375.00
State taxes-$60.00
Check amount $1065
![Page 19: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/19.jpg)
Define net income Define gross income
Find the federal and state taxes on someone who makes $1000 (STEPS 2 and 3)
![Page 20: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/20.jpg)
Salary.com Find a job you want Divide the total salary by 12 to get your
monthly income. Figure out your monthly gross and net
pay for your job
![Page 21: What is a budget? What is the stock market?](https://reader036.vdocument.in/reader036/viewer/2022081507/56816357550346895dd40b40/html5/thumbnails/21.jpg)
______ 25. Which of the following is Joseph’s gross income? $1,000 C. $200 $100 D. $700
______ 26. Which of the following is
Joseph’s net income? $1,000 C. $200 $100 D. $700