Math Project Pt 1

Instructions: There are four parts to this project. Show all work for each section. Any paragraphs should be typed and written in complete sentences. Use Times New Roman, 12-point font and double space. Cite any resource that you use. (Click on the following attachment for a guide to cite resources in APA.) Include any additional paperwork with your project document. Please note: up to 10% of the total points could be deducted for shortcomings in sentence structure and mechanics for written responses.

Part 1: Career & Budget

Go to https://www.salaryexpert.com/salary/browse/jobs/ (for career information)

· Under Salary Info you will see: List of Average Job Salaries & Salary Comparisons by Career

· Under Salaries by Occupation click on the career choice you could obtain with the degree you are pursuing

1. Find the annual median salary from the website.

Median annual salary: _________________

2. In a one-page typed summary include the following: (Include the summary at the end of your project.)

· Job description including median salary information as well as typical work environment and responsibilities.

· What interests, past experiences, and aptitude makes you a good match for this field?

· Is a job in this field a long term career goal? Explain.

· How do you predict this career will be impacted by evolving technology and cultural trends?

3. Break down salary to a monthly income. Approximately ¼ of your income will be deducted for various taxes. Calculate your monthly income after taxes. Include this information in your summary in question #2.

Monthly income: ___________ Monthly income after taxes: ___________

4. The table below is from the following website: http://visualeconomics.creditloan.com/how-the-average-us-consumer-spends-their-paycheck/ . It outlines how the average U.S. consumer spends their paycheck.

Optional: Feel free to visit this website if you are interested in learning more about budgeting and consumer spending trends.

a. Fill in the table of expenses below using your monthly income after taxes, which you calculated in question 3.

Category	Percentage of Paycheck	Dollar Amount per Month
Housing	34.1%
Food	12.4%
Insurance/Pension	10.8%
Healthcare	5.7%
Transportation	17.6%
Entertainment	5.4%
Cash Contributions	3.7%
Reading	0.2%
Education	1.9%
Apparel/Services	3.8%
Personal Care	1.2%
Tobacco	0.7%
Alcoholic Beverages	0.9%
Miscellaneous	1.6%
Total	100%

b. Hypothetically, assume you are short funds each month. What areas/categories would you cut back on and why? Be specific. Write a minimum of two complete sentences.

c. Hypothetically, assume you have a surplus of money each month. What would you do with that money and why? Be specific. Write a minimum of two complete sentences.

d. Which areas/categories cannot be adjusted in any way, regardless of the funds available? Explain. Write a minimum of two complete sentences.

Updated: 8/11/2016