Financial planning composition

1 . Describe one short-term goal you have and at least one thing you need to do in order to accomplish that goal.

(2-4 sentences. 1 ) 0 points) One temporary goal I use is to include a good GRADE POINT AVERAGE on my Progress Report, the one thing I’ll need to do to accomplish that is to do all my work in each class. installment payments on your Describe 1 long-term aim that you have and at least 2 things you will need to carry out in order to accomplish that objective. (2-4 phrases. 1 . 0 points) My long-term aim is to be well-known; two things Let me have to do to complete that are to get my own entertainment enable and find a manager and or an agent. a few. Describe a pair of your long lasting financial desired goals, and describe why these kinds of goals are crucial to you. List at least three steps that might help you accomplish this goal. (4-6 sentences. 2 . 0 points) To have enough money when I’m fourty to leave the workplace and live a comfortable existence.

You have to me since that’s can certainly make money would like to live. Three things I could perform to reach that goal will be get rich, stay rich and don’t proceed broke.

4. Describe one of a common economic resource, a cost, and a debt. Place be good examples from your own existence or from all other people you understand or would ever guess. (3-6 phrases. 3. 0 points) My own mom’s month-to-month phone invoice 5. Describe a real or perhaps made up yet realistic sort of earned salary that you or perhaps someone you know has received. What type of job was the profits from? Was your income in the form of a salary or wages? (1-2 sentences. 1 ) 0 points) My friend who have works at McDonald’s, It absolutely was in the form of regular wages. 6th. Describe a real or made-up but realistic example of unearned income that you or somebody has received. (1-2 sentences. 1 ) 0 points) Someone’s kid support checkI 8. In the Section_2 folder, navigate to and wide open the Example_1040EZ, and then full the steps beneath to save a copy of the document with your inventeur in your Section_2 folder. a. Click the Document menu, and then Click Preserve a Copy.

n. If a Save a Copy discussion box shows up, click Preserve a Copy. c. Make sure the Save in drop-down list is set to your Section_2 folder. If perhaps not, click on the drop-down list, then click Local Disk (C: ), then double-click your training course folder, and after that double-click the Section_2 folder. d. Inside the Name: discipline, type Example_1040EZ followed by your initials. at the. Click Conserve.

9. The actual instructions listed below to submit the 1040EZ form employing Jessie Robinson’s information. Be sure to save your work! (5. zero points to get completing the 1040EZ kind correctly in line with the instructions below) TIP: You may refer to Section 2, Lesson 2 pertaining to help in filling out the form. a. Fill out the Income area of the 1040EZ form, using the following details: i. The gross income information from Jessie Robinson’s W-2 form. HINT: This is the sum from query 7b above. ii. This kind of employer was Jessie’s simply source of income.

iii. Jessie acquired no taxable interest. 4. Jessie was not an Alaska resident. versus. Jessie has no spouse and can’t be believed as a dependent by someone else. b. Fill out the Repayments, Credits, and Tax portion of the 1040EZ form making use of the following data: i. The federal income tax withholding information from Jessie’s W-2 contact form. TIP: This can be the amount by question 7c above. Cultural Security taxes and Treatment tax are generally not important to the 1040EZ type. ii. Jessie can’t be stated as a centered by someone else.

iii. Jessie is not really claiming the Earned Salary Credit. 4. Jessie can be not a member of the U. S. Armed Forces who dished up in a battle zone. sixth is v. Use the Example_Instructions_1040EZ’s tax desk on pages 27-35 to get the amount that Jessie Brown owes. IDEA: The Example_Instructions_1040EZ is in the Section_2 folder. c. Submit the Return section by simply performing the calculations in the event the IRS owes Jessie Brown money. Tend not to fill out the bank account information section. d. Submit the Amount You Owe section in the event that Jessie is in debt for the IRS money. electronic. Do not complete the Third Party Designee Section, the Indication Here section, or the Paid Preparer’s Just use Section. farrenheit. Click the Data file menu, after which click Save so that your work is kept. 10. Explain at least two prevalent types of variable expenditures that you have at some point within your life. (1-2 sentences. 1 . 0 points)

11. Identify at least two nondiscretionary expenses that you just expect to have eventually in your your life. (2-4 sentences. 1 . zero points)

12. Describe by least two discretionary bills that you expect to have at some point in your life. (2-4 sentences. 1 . 0 points)

13. Imagine you have a low cost of $1, 000 a month. Make a list of at least three groups you would make use of that cash toward, such as housing, programs, transportation, food, clothing, entertainment, savings, etc. Then place a dollar amount next with each item showing how much money you would budget for this item each month. Make sure the total adds up to $1, 000. (3. 0 points) TIP: The expense of each item can be a difficult estimate. You don’t have to research specific costs of each expense.

14. Describe a great advertisement you have seen that uses a desire based advertising message. What desire does this ad charm to? (2-4 sentences. 1 ) 0 points) TIP: This could be any type of ad, such as a TV commercial, a a radio station ad, a magazine advertisement, a billboard, an Internet ad, or another type of ad.

15. Describe an advertisement get seen that uses a dread based advertising message. What fear performs this ad appeal to? (2-4 sentences. 1 . 0 points) TIP: This is often any type of ad, such as a TV commercial, a a radio station ad, a magazine advertising, a billboard, an Internet advertisement, or another type of ad.

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