$ Balancing Your Budget Activity $

Income

A budget starts with knowing how much money you bring in each month. How much money you earn depends on your occupation. Which careers interest you? Go to the web site below.

http://www.collegeboard.com/csearch/majors_careers/profiles/

· Click on the career that interests you (if you cannot find a specific career, feel free to Google it and find the salary on your own)

· On the website, find the compensation / salary. Be sure to use the beginning salary or the lowest one given. Remember, you’re just starting this job.

· Enter the salary on the budget table in cell B2.

Taxes

The budget table uses a tax rate of 28%. In real-life, people pay taxes based off their income. The more you make, the more you pay in taxes. We are not doing that for this project though.

The budget table will do the math for you, but to be able to answer the questions at the end of the project, you need to understand it. Questions? Ask Mr. Bee.