Use the information above to calculate your monthly budget Beginning in Column D, show your monthly budget: Category name Convert annual wages to monthly wages Assume each month you are paid the same wage amount Calculate taxes How much is remaining at the end of the month? A

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 33E: A companys controller is adjusting next years budget to reflect the impact of an expected 3 percent...
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Ee 308.

ASSUMPTIONS
Annual wages
Monthly Expenses
Rent
Food
Utilities
Transportation
Discretionary
Taxes are 40% of wages
ASSIGNMENT
45000
1000
300
150
200
300
Use the information above to calculate your monthly budget
Beginning in Column D, show your monthly budget:
Category name
Convert annual wages to monthly wages
Assume each month you are paid the same wage amount
Calculate taxes
How much is remaining at the end of the month?
MONTHLY BUDGET
Transcribed Image Text:ASSUMPTIONS Annual wages Monthly Expenses Rent Food Utilities Transportation Discretionary Taxes are 40% of wages ASSIGNMENT 45000 1000 300 150 200 300 Use the information above to calculate your monthly budget Beginning in Column D, show your monthly budget: Category name Convert annual wages to monthly wages Assume each month you are paid the same wage amount Calculate taxes How much is remaining at the end of the month? MONTHLY BUDGET
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