Family+Project

Day 1:

 * Name || Role || Age || Occupation ||
 * Joey || Father || 35 || Real Estate Agent ||
 * Joise || Mother || 32 || Account Executive ||
 * Tony || Son || 13 || Mow the grass & Taking out the trash ||
 * Elizabeth || Daughter || 12 || Making her bed & washing the dishes ||
 * Asha || Daughter || 11 || Clean her room ||

My Family includes 5 people named Joey, Tony, Elizabeth, and Joise. I am named Asha and I'm 11 years old. I'm shy one around the house. My only chore is to clean my room. I have a brother named Tony that is 13 years old and let me tell you he can be annoying and he always bothers me.Then I have a sister named Elizabeth at the age of 12. Shes awsome, and funny. I always have fun with her and she helps me on my homework. My mother Joise is nice. My father joey can be kind of weird in my opinion. Sometimes i feel, i was born into the wrong family. But this is an okay family we have, and i'm content with it.

Day 2:
For my Mothers job shes works as an account executive. Here are some of the things that the job offers for the our family.

** We offer  ** • Comprehensive benefits including medical/dental, disability, 401K AND Employee  Stock Purchase Plan • Advanced commissions • Monday through Friday workweek • Limited Travel she makes an overall pay of 45,000 per year including the raise that I just started getting last year. She has been working with the company for about 10 years, and shes happy with the job.

My Father works as a Real Estate Agent and here are some of the qualities of his job. ||

How much does this job pay?
Most real estate agents do not get a regular paycheck. Instead, they get part of the money that the home buyer pays to the home seller when a house is sold. This means that agents who sell more houses earn more money. It also means that agents who sell more expensive houses earn more. The middle half of all real estate agents earned between $26,790 and $65,270 a year. The lowest-paid 10 percent earned less than $20,170. The highest-paid 10 percent earned more than $111,500 a year. My father makes around 10 percent of the purchases on each house he sells, so he makes around 112,000 a year.

Day 3:
My father works as a Real Estate Agent and gets $112,000 per year, and My mother works as an Account Executive and get $45,000 per year. Together our family makes $157,000 per year to support our family. Since there is many deductions throughout the year such as our Federal Income Tax, State Income Tax, Social Security, Medicare, and Retirement our income per year is then reduced to $105,628. We pay $25,494 for Federal Income Tax, $9,428 for State Income Tax, $6,324 for Social Security, $2,276 for Medicare, and $7,850 for retirement. That would add up to $51,372 in deductions for our yearly income. Monthly we can spend up to $8,802.33 because if we get $105,628 per year, and there is 12 monthes in a year you would just divide $105,628 by 12 and get $8,802.33. I think that should be enough to support our family with shelter and food.

Day 4:
4360 HWY 101 Florence, WI USA, 54121

Price: USD$199,000

MLS #: 1039167 Mortgage 934$ per month Property Taxes- 150$ per month Insurence- 70$ per month

Country living at its best. 2 story log home just minutes from town, great proximity to rec. trails and lakes. Charming 4 bedroom home with large kitchen/dining area, wood burning stone fireplace in living room, finished walk-out lower level (with bonus room), first floor laundry, T & G ceilings, built-in book cases, Marvin windows, attached 2 car finished garage, in-ground, swimming pool and large shed with loft. Home features hardwood and ceramic throughout. Property has a black top driveway, wonderful covered porch to sit back and watch the world go by. New roof in 2008. ***PRICE REDUCED!***

**Day 5: **



 * Price: || **$10,899.00 ** || Drivetrain: || Front Wheel Drive ||
 * Year: || **2005** || Engine: || V6 ||
 * Mileage: || **39,462** || Bodystyle: || Minivans/Vans ||
 * Location: || **Milwaukee,WI** || Doors: || 2 ||
 * Exterior: || Silver || Dealer Stock #: || R8870 ||
 * Interior: || N/A || VIN #: || 1D4GP45R85B433069 ||
 * Transmission: || Automatic || Seller Type: || Dealer ||


 * Price: || **$9,990.00 ** || Drivetrain: || Four Wheel Drive ||
 * Year: || **2000** || Engine: || V8 ||
 * Mileage: || **97,625** || Bodystyle: || SUVs ||
 * Location: || **Fox Lake,IL** || Doors: || 4 ||
 * Exterior: || Onyx Black || Dealer Stock #: || P6611A ||
 * Interior: || N/A || VIN #: || 1GKEK63R4YR188868 ||
 * Transmission: || Automatic || Seller Type: || Dealer ||

**Day 6: **

 * * Unlimited high-speed Internet access
 * Instant connection (no need to dial-up!)
 * FREE, easy-to-use Installation Kit with Modem ($149 value)
 * FREE Spyware Software
 * FREE Parental Controls
 * FREE Pop-up Ad Stopper3
 * And many more exciting features! ||
 * || [[image:http://www.usa.att.com/dsl/assets/images/subheads/subhead3_includes.gif width="200" height="9" caption="Includes AT&T Worldnet Service."]] ||
 * Includes AT&T Worldnet Service. ||  ||
 * AT&T DSL Service comes with AT&T Worldnet Service, which includes:
 * Six e-mail IDs
 * FREE Anti-spam and Anti-virus e-mail protection
 * E-mail switching tools4
 * And much more! ||

Our computer:
 * Promotional financing offers and future discounts (for qualified customers)
 * No pre-payment penalty or annual fee
 * Credit decision in 60 seconds
 * Zero % Liability on unauthorized charges

This is the family phone:


 * [[image:8265444:base_media.jpeg caption="base_media.jpeg"]]

The Product features: (Frequency Hopping Digital Spread Spectrum) Answering System; Call Waiting Caller ID; Talking Caller ID; Handset Speakerphone; Backlit LCD on Handset: 1.5" Full-Color (65k Colors); Voice Mail Message-Waiting Indicator; 2-Way Intercom; Handset Locator; Up to 3 Selectable Ringtones; Melody Ringer; Headset Jack; Lighted Handset Keypad; Out of Range Indicator; Low Battery Indicator;

Earlier my family and I went phone and internet shopping. What an experience because one person wanted Time Warner Cable and the other wanted AT&T. Well, anyways we ended up getting the AT&T plan for both the internet and the phone. We are paying $29.95 per month for our internet to connected, and we are paying about $30 for our phone to work. Overall that is around $60 dollars that comes out of our pockets each month.


This is what The Direct TV includes:
 * Everything in CHOICE XTRA™ with DVR Service included
 * Local channels included at no extra charge*
 * Free HD DVR receiver upgrade after instant online rebate ($199 value)†
 * No equipment to buy or startup costs
 * 65 XM Satellite Radio channels included

This is our TV: This TV is a 32 inch, Widescreen, LCD, HD Ready, Sony Bravia Engine. It is priced at $679.97.

In our family we have three phones which are all prepaid. Every month we pay $60 per month to keep the phones working. We all bought the same phone. The price of each phone was $19.99 which would be a total of around $60. Here is our phone.

Monday:
//Breakfast:// Cheerios, 2% milk or soy milk, fresh cut fruits such as apples and pears //Lunch//: Peanut butter and jelly sandwich, sour cream chips, banana's, juicy juice, and yogurt //Dinner:// Ceasar salad, peppers, rice, 2% milk or soy milk.

Tuesday:
//Breakfast//: Eggs, bacon, bagels and cream cheese, and orange juice //Lunch:// Peanut and jelly sandwich's, fruit roll-ups, cheetos, pears, and water //Dinner:// Pasta with butter, Side salad, and Soda

Wednesday:
//Breakfast:// Cheerios, 2% milk or soy milk, Grapes, toasted crackers, and water Lunch: Soup, sour cream chips, fruit snacks, and soda //Dinner//: Cheese pizza, salad, and 2% milk or soy milk

Thursday:
//Breakfast//: Toast with jelly, eggs, cinnamon bread, and orange juice //Lunch:// Leftover cheese pizza, apples, grapes, carrots, and Mountain Dew //Dinner:// Spaghetti, garlic bread, and 2% milk or soy milk

Friday:
//Breakfast:// Frosted Flakes, 2% milk or soy milk, cut apples //Lunch:// Bean burrito, strawberries, fruit roll-ups, soup, and juicy juice //Dinner:// We are eating out at olive garden tonight!

Saturday:
//Breakfast//: Eggs, whole wheat bread with butter, bacon, and orange juice //Lunch:// Cheese pizza Lunchable, and soda //Dinner:// Green bean casserole, thousand island salad, and water

Sunday:
//Breakfast:// Cheerios, 2% milk or soy milk, bacon, and toasted crackers, and juicy juice //Lunch//: Soup, and water //Dinner:// Baked fish with tarter sauce, cucumber salad, carrots or celery, and soda

So far our family made a meal plan for each day of the week. The main dishes are breakfast, lunch, and dinner. It made it even harder to make a meal plan for me because I'm a vegetarian and that means I don't eat meat, and everyone else isn't, so my family has to balance that out. I would say this is a pretty healthy meal choice for each day. 

**Day 9: **
Here is our miscellaneous costs for the month: Clothes: Shirts: $164.00 pants: $54.00 total: $218.000

Special Occasion Going out to eat: 155.00 $ Roller skating/ Including rentals: 35.00 Food/drink: 17.00 Total: 52$ 207.00 per month $

Entertainment Movie theatre: 30.00 Food/drink: $31.00 Total: $61.00

Credit Card Visa check card: 525.00 monthly Joise’s credit card: $ 250.00 month Joeys’s credit card: $275.00 month

House repairs Painting: 60.00$ Paint brush:15.00$ Total: 75.00

Toiletries (groceries) 1. Ajax laundry detergent: 3.99$ for 64 oz 2. Cattonelle toilet paper: (on sale) 2 packs of 6 for 12.00$ 3. Crest toothpaste: 3.50$ 4. Hairspray: 3.25$ 5. Secret deoderant: 4.85$ 6. Tag deoderant :4.50$ 7. Puffs tissues:3.00$ 8. Soft soap baby wash: 3.75$ 9. Svave shampoo and conditioner: 6:50$ 10. Bic shavers: 6 pack for 2.50$ 11. Bounty paper towel: 2.00$ 12. Johnsons soft lotion: 7.00$ fir 14oz 13. Down dish soap: 3.50$ 14. Mr. clean: 4.00$ 15. Fantasilk: 3.75$ 16. Band aid: 2.50$ 17. Cover girl makeup: 5.25$

It does not come cheap for my parents to pay for our family's needs. They have to pay for insurance, cell phones, water,clothing, cable, and our other necessities. Luckily we have enough money to to do things. Overall we have enough money to go on vacation or do anything that we chose to do as long as we don't go over the budget of $3,387.32. Who knows what my parents will decide to do with the money.



**Day 10:**
My parents haven't yet told me what our family will do with our left over money. Hopefully, they will start my college fund.

(1). The furnace and central air conditioning need to be replaced. The total cost is 4,000 dollars. How will you pay for this? Subtract from your monthly budget.

My family could pay for this but it would be pretty hard to buy anything else for our expenses. If I subtract from my monthly budget, my total would be 4802.33

(2). Your basement gets flooded in a major rainstorm, but your home owner’s insurance doesn’t cover this. The damage is approximately 8,000 dollars. What are you going to do? Subtract from your monthly budget.

That would be hard on my family to pay so much money, since my mother likes to save so much money all the time. Our regular monthly budget Is 8802.33. Minus what we would have to pay for the damages would leave us with a total of 802.33.

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Define the following: (1.) a. Income- the monetary payment given for goods or services, or from other sources, as rents or investments. b. Deduction- something that is or may be deducted: She took deductions for a home office and other business expenses from her taxes. c. Income tax- a tax levied on incomes, esp. an annual government tax on personal incomes. d. Payroll tax- a tax levied against the amount of wages and salaries paid workers. e. Medicare- a U.S. government program of hospitalization insurance and voluntary medical insurance for persons aged 65 and over and for certain disabled persons under 65. f. Social Security- a program of old-age, unemployment, health, disability, and survivors insurance maintained by the U.S. federal government through compulsory payments by specific employer and employee groups. g. Mortgage- a conveyance of an interest in property as security for the repayment of money borrowed. h. Property tax- a tax levied on real or personal property. i. Utility- a public service, as a telephone or electric-light system, a streetcar or railroad line, or the like. j. Insurance- the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. k. Credit- a sum of money due to a person; anything valuable standing on the credit side of an account. l. 401K- a savings plan that allows employees to contribute a fixed amount of income to a retirement account and to defer taxes until withdrawal. m. Pension- a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents in consideration of past services. n. Deductible- allowable as a tax deduction: Charitable contributions are deductible expenses.

(2). In the state of Wisconsin. we pay income tax to two levels of government. what are the two levels? federal government and state government.

(3). The amount of income tax goes up. The more income you make, the percentage goes up higher.
 * Income || Income Tax ||
 * 35,000.00 || 1,960 ||
 * 75,000.00 || 7,660.00 ||
 * 111,000.00 || 15,420.00 ||
 * 1,000.000 || 309,360.00 ||

(4). Using the same figures from question 3, what happens to the amount of payroll taxes poeple pay as their income rises? If you are married and have the same allowances, the more money you make you make the more payroll taxes you pay.

(5). Identify at least four factors that affect the cost of auto insurance. Your age, sex, marital status, driving record and record of prior claims form reliable rate making criteria to define your risk level. Your vehicle (its type and age) makes another important factor that has its affect on the Car Insurance rates. The area you live in also gives Insurance companies ground to judge about chances of exposure to accidents and base their Insurance rates accordingly. The way you use your car also affects Auto Insurance rates. (6). Identify at least four different types of taxes people pay. Federal Income Tax State Income Tax (7). What are some factors that affect the price of groceries? If its rare or hard to find, or if its in season. The cost of grain, the cost of meat, The cost of dairy, The amount of profit the gorcery store decides to make.

(8). __**Months- Monthly payment**__ 12- 1,625.72 24- 849.28 36- 591.16 48- 462.61 60- 385.90

As you increase the money you pay in months, Your monthly payment goes down.

(9). what factors affect the price of your water bill? How long you run the hot water. How long you take showers. How often you wash clothes. How often you use the dish washer. Letting the water run when you brush your teeth.

(10). What are some factors that affect the price of your electric bill? The use of lights. The use of the television. If the cable box, dvd player, or computer that affects the electric bill. The use of washing machine. The use of fans, radios, telephones,clocks, ect.