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  • Samantha Garcia - Making Money Count - 301133

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    The document compares the average yearly and monthly incomes, taxes, and expenses for individuals with different levels of education. It shows that those with higher degrees generally earn more income but also have higher expenses. With a bachelor's degree, the remaining monthly amount after expenses is $86, while with a master's degree it is $193. Those with a doctorate or professional degree have the highest incomes but also the highest expenses, with a remaining $1,459 per month.

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    samantha garcia - making money count - 301133

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    The document compares the average yearly and monthly incomes, taxes, and expenses for individuals with different levels of education. It shows that those with higher degrees generally earn more income but also have higher expenses. With a bachelor's degree, the remaining monthly amount after expenses is $86, while with a master's degree it is $193. Those with a doctorate or professional degree have the highest incomes but also the highest expenses, with a remaining $1,459 per month.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    76 views2 pages

    Samantha Garcia - Making Money Count - 301133

    Uploaded by

    api-484500823
    The document compares the average yearly and monthly incomes, taxes, and expenses for individuals with different levels of education. It shows that those with higher degrees generally earn more income but also have higher expenses. With a bachelor's degree, the remaining monthly amount after expenses is $86, while with a master's degree it is $193. Those with a doctorate or professional degree have the highest incomes but also the highest expenses, with a remaining $1,459 per month.

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    © All Rights Reserved
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    of 2

    Making Money Choices

    No HS Diploma HS Diploma Bachelors Masters


    Degree Degree
    Yearly $24,000 $30,500 $49,000 $59,200
    Monthly $2,000 $2,542 $4,083 $4,933
    Taxes -$400 -$508 -$817 -$987

    After Taxes
    Your real monthly income $1,600 $2,033 $3,267 $3,947
    Expenses
    Housing $229 $1,147 $1,147 $1,147
    Utilities $110 $110 $150 $150
    Food $150 $250 $150 $250
    Entertainment $100 $100 $100 $100
    Clothes $50 $50 $200 $200
    Transportation
    (plus gas & ins) $75 $75 $450 $500
    Health Insurance $0 $0 $87 $401
    Education $96 $96 $97 $768
    Savings $440 $177 $800 $238
    Other $0 $0 $0 $0

    Total Monthly Spending $1,250 $2,005 $3,181 $3,754

    Remaining $350 $28 $86 $193


    oices
    Doctorate (PhD, One of your
    MD, EdD,JD)
    career choices
    $80,000 $117,000
    $6,667 $9,750
    -$1,333 -$1,950

    $5,333 $7,800
    es
    $2,357 $2,357
    $150 $150
    $250 $250
    $100 $100
    $200 $200
    $500 $1,300
    $401 $401
    $768 $768
    $202 $815
    $0 $0

    $4,928 $6,341

    $405 $1,459

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