Activity.pdf

HighSchool_MeetingGoalsinSpiteofUnexpectedEvents.pdf
Preview of activity
🔗 Source: youth.handsonbanking.org
📊 Size: 353 KB
👤 Author: Wells Fargo
⬇️ Downloads: 179

Summary

Quinn, a high school student, works part-time at a local juice bar, earning $11 an hour and working 50 hours a month, resulting in a monthly gross pay of $550. After mandatory deductions, including federal income tax, state income tax, Social Security tax, and Medicare tax, Quinn's net pay is $447.42. Quinn's monthly expenses include movies, clothes, snacks, and donations, totaling $250, leaving $197.62 available for saving. If Quinn's hours are decreased to 30 per month, net pay would be $268.57, requiring adjustments to income and expenses. Students are asked to create a budget, consider the impact of unexpected events, and evaluate financial situations, including saving for future goals.

Description

Quinn, a high school student, works part-time at a local juice bar, earning $11 an hour and working 50 hours a month, resulting in a monthly gross pay of $550.

Technical Information

  • File Format: PDF
  • File Size: 353 KB
  • Pages: 6
  • Language: EN
  • Author: Wells Fargo
  • Total Downloads: 179
  • Last Updated: 3 hours ago

Document Overview

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