STUDENT HANDOUT unit 7: Projected Budget personal postsecondary budget PART I: THE BASICS DIRECTIONS: On your own, use information about your desired career to fi ll in the box below, and then answer the questions that follow. Draw a picture here that represents your career� CAREER NAME: DEGREE REQUIRED: ANNUAL GROSS INCOME: What is your net income, after taxes? (Hint: Subtract 30% from your annual income to estimate how much you will need to pay in taxes�) _________________________________________________________________________________________ What is your monthly income? (Hint: Divide your net income by 12 to get the amount you will take home each month�) ____________________________________________________________________________________________________ How much will you have left over each month if you pay the typical/average amount for each of the above expenses? (Hint: Subtract the " total expenses " above from your net monthly income�) This is your disposable income. ____________________________________________________________________________________________________ PART II: GETTING WHAT YOU WANT DIRECTIONS: Choose a car and a house from the choices on pages 102 and 103. Then, answer the questions that follow. Which car would you choose if money were no object? Which car can you aff ord based on how much disposable income you have for your career? ______________________ Which house would you choose if money were no object? __________________________________________________ Which house can you aff ord based on how much disposable income you have for your career? ___________________ LESSON 32: POSTSECONDARY LIFESTYLES AND BUDGETS Property of PeerForward/© 2022 PeerForward; All Rights Reserved. LeSSon 32: PoStSeConDArY LiFeStYLeS AnD buDgetS 313