|
__ Annual
Income
__
Salary
_______$50,000
__
Child Care
____$10,000
__
______________
__
Total
________$60,000
__
Annual
Expense
__
Income
Tax
___$15,000
__
Insurance
____$14,000
__
Food &
Clothing $8,000
__
House
Payment
_$7,200
__
Car Payment
___$4,800
__
Utilities
_______$2,200
__
Property Tax
___$1,400
__
Car
Operation___$1,000
__
__________________
__
Total
________$53,600
_
_Net___________$6,400
_______________________________
|
-
Income
Assume you earn
a salary of
$50,000/yr
plus
$10,000/yr for childcare provided in your
home for a total of $60,000/year
Expenses
taxes ($19,400)
(Includes Payroll Tax)
insurance ($14,000)
house payment ($7,200)
car expenses ($5,800)
When you
subtract
Annual
Expenses
from
Annual
Income
you are left
with a
Net Worth of
$6,400
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