Chat with us, powered by LiveChat Rhonda Jones and her husband have a combined annual income of $50,000 after taxes. Their mortgage payment is $1,284 per mon | WriteDen

Rhonda Jones and her husband have a combined annual income of $50,000 after taxes. Their mortgage payment is $1,284 per mon

Unit 4 – Individual Project 

View Assignment Details for Unit 4 – Individual Projectas PDF

Assignment Overview

Type:  Individual ProjectUnit:  BudgetingDue Date:  Wed,11/24/21Grading Type:  NumericPoints Possible:   125Points Earned: Points Earned not available Deliverable Length:  See assignment detailsView objectives for this assignment

Go To:

My Work:

Online Deliverables:  

Looking for tutoring?  Go to Smarthinking

Assignment Details

Assignment Description

Assignment Details

Rhonda Jones and her husband have a combined annual income of $50,000 after taxes. Their mortgage payment is $1,284 per month. Their average utilities payment per month is $403. The groceries and food expenses average $506 per month. They have a car payment of $402 a month. Their medical insurance is $198 per month. Gas for the car averages $102 a month, and their car insurance is $246 a month. Other miscellaneous expenses are $206 a month.

Download and complete this budget sheet, and submit it with this assignment. For this assignment, answer the following:

Write a short paper (200-300 words) answering the following questions.

  • Do the Jones’s have a surplus or a deficit? If they have a surplus, suggest how they can use the extra money. 
  • Explain why it is important to have 3 to 6 months' salary saved for an emergency fund. 
  • Explain the concept of “paying yourself first.”

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Individual Project Rubric

The Individual Project (IP) Grading Rubric is a scoring tool that represents the performance expectations for the IP. This Individual Project Grading Rubric is divided into components that provide a clear description of what should be included within each component of the IP. It’s the roadmap that can help you in the development of your IP. 

ExpectationPoints PossiblePoints EarnedCommentsAssignment-Specific: Provided Suggestions for how to use the surplus.

35

Assignment-Specific: Articulated the concepts of emergency funds

35

Assignment-Specific: Explained the concept of "paying yourself first."

30

Organization: Assignment presents information logically and is clearly relevant to discussion topic.

15

Professional Language: Assignment contains accurate grammar, spelling, and punctuation with few or no errors. 

10

Total Points

125

Total Points Earned

Reference

Federal Trade Commission (FTC). (2012). Make a budget. Retrieved from https://www.consumer.ftc.gov/articles/pdf-1020-make-budget-worksheet.pdf

Other Information

There is no additional information to display at this time. 

Legend

Extra Credit View Assignment Rubric

    HOW OUR WEBSITE WORKS

    Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of 
    HIGH QUALITY & PLAGIARISM FREE.

    Step 1

    To make an Order you only need to click ORDER NOW and we will direct you to our Order Page at WriteDen. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
     Deadline range from 6 hours to 30 days.

    Step 2

    Once done with writing your paper we will upload it to your account on our website and also forward a copy to your email.

    Step 3
    Upon receiving your paper, review it and if any changes are needed contact us immediately. We offer unlimited revisions at no extra cost.

    Is it Safe to use our services?
    We never resell papers on this site. Meaning after your purchase you will get an original copy of your assignment and you have all the rights to use the paper.

    Discounts

    Our price ranges from $8-$14 per page. If you are short of Budget, contact our Live Support for a Discount Code. All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

    Please note we do not have prewritten answers. We need some time to prepare a perfect essay for you.