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CALCULATIONS
WORKSHEET |
Name of City: ________________________ Student Name: ______________________
Fill in the following with your findings: (Note: Be sure to read the fine print on the city profile. The figures are based on $50,000 yearly income. Numbers will need to be adjusted.)
Cost of average home: ________________ Yearly Property Taxes: _________________
Annual State Income Taxes ____________ Annual Local Taxes: ________________
Electricity ________________
Yearly Tuition or Course Fees at local University: _________________ (Do not include summer, dorm or other expenses. Find the cost of classes only. Also, you may need to navigate within the site a little. Try looking for a search area and/or admissions.)
Car Insurance from State Farm: ___________________
(Note: Use
2 adults and one driver below the age of 18. The coverage needs to
be minimum for 2 cars: 1994 Buick Century and 2000 Dodge Intrepid. For search purposes, District of Columbia is
usually used as the state for Washington, D.C. with Washington as the city.)
Now determine your average monthly costs for each of the categories:
Monthly mortgage: ___________________ (Remember to Locate the Loan Center first to find the mortgage calculator.)
Monthly Property taxes: _________________
Monthly Income taxes: State ___________ + Local _____________ = ______________
Monthly electricity: ________________
Monthly Tuition: ________________
Monthly car insurance: ______________
Your TOTAL monthly expenses are: ______________________
Create a spreadsheet in Excel for each of the 4 cities and their monthly expenses. Use at least 2 colors and 2 different fonts. You must gather the findings from each member of the group to complete this task. Using this spreadsheet you are to make either a bar graph or a pie graph including the data from the whole family. Draw a conclusion of where your family should move.