Lifestyle Comparison
2013
Lifestyle Comparison
~ Country & City life
Contents…
1……………………………………………………………………………… Title
2……………………………………………………………………………… Contents
3……………………………………………………………………… Introduction/Results
4……………………………………………………………………………… Data Analysis
5……………………………………………………………………………… Predictions
6……………………………………………………………………………… Conclusions
7……………………………………………………………………………… Appendix
8……………………………………………………………………………… Bibliography
Introduction:
This financial report has been compiled with the aspirations to answer the hypothesis formulated: a life in the city, rather than the country, will result in better financial and social wellbeing and overall stability. Data has been collected from several sources such as multiple real estate agencies, …show more content…
$50,800 + $190,000
= $240,800
$240,800 ÷ 2
= $120,400 ~ the average salary, calculated via the values given above.
This given pay scale can be divvied into three categories in order to better represent and calculate budgets and relevant taxes. To yield more reliable results, the following tax calculations will be made under the assumption that we are earning an average pay of $120,400 per annum.
Tax Calculations | | Weekly | Monthly | Yearly | Gross | (Divide yearly pay by 52)$2315.38 | (Divide yearly pay by 12)$10,033.33 | $120,400 | Tax | $624.90 | $2707.91 | $32,495 | Super | $208.38 | $903 | $10,836 | Medicare | $34.73 | $150.5 | $1,806 | Net Income | $1447.1 | $6,271.9 | $75,263 |
Tax: $120,400 - $80,000 = $40,400 ~taxable dollars. $40,400 x $0.37 = $14,948 $14,948 + $17,547 = $32,495 ~yearly income …show more content…
* $1,447.30 ~weekly net income * $1,447.30 – $18.81 ~health insurance deduction * $1,447.30 - $29.80 ~gas & electricity deduction, city price * $1,447.30 - $29.23 ~gas & electricity deduction, country price * $1,447.30 - $150 ~weekly recreational
Lifestyle Comparison
~ Country & City life
Contents…
1……………………………………………………………………………… Title
2……………………………………………………………………………… Contents
3……………………………………………………………………… Introduction/Results
4……………………………………………………………………………… Data Analysis
5……………………………………………………………………………… Predictions
6……………………………………………………………………………… Conclusions
7……………………………………………………………………………… Appendix
8……………………………………………………………………………… Bibliography
Introduction:
This financial report has been compiled with the aspirations to answer the hypothesis formulated: a life in the city, rather than the country, will result in better financial and social wellbeing and overall stability. Data has been collected from several sources such as multiple real estate agencies, …show more content…
$50,800 + $190,000
= $240,800
$240,800 ÷ 2
= $120,400 ~ the average salary, calculated via the values given above.
This given pay scale can be divvied into three categories in order to better represent and calculate budgets and relevant taxes. To yield more reliable results, the following tax calculations will be made under the assumption that we are earning an average pay of $120,400 per annum.
Tax Calculations | | Weekly | Monthly | Yearly | Gross | (Divide yearly pay by 52)$2315.38 | (Divide yearly pay by 12)$10,033.33 | $120,400 | Tax | $624.90 | $2707.91 | $32,495 | Super | $208.38 | $903 | $10,836 | Medicare | $34.73 | $150.5 | $1,806 | Net Income | $1447.1 | $6,271.9 | $75,263 |
Tax: $120,400 - $80,000 = $40,400 ~taxable dollars. $40,400 x $0.37 = $14,948 $14,948 + $17,547 = $32,495 ~yearly income …show more content…
* $1,447.30 ~weekly net income * $1,447.30 – $18.81 ~health insurance deduction * $1,447.30 - $29.80 ~gas & electricity deduction, city price * $1,447.30 - $29.23 ~gas & electricity deduction, country price * $1,447.30 - $150 ~weekly recreational