Personal Finance Assignment 2

Assignment 2: Financial Planning
(25.0 points)
1.Describe one short-run goal that you have and at least one subject you will need to do in order to perform that goal. (2-4 sentences. 1.0 points)
2.Describe one long-term goal that you have and at least two things you will need to do in order to get through that goal. (2-4 sentences. 1.0 points)
3.Describe two of your long-term monetary goals, and explain why these goals are important to you. List at least three steps that might help you accomplish this goal. (4-6 sentences. 2.0 points)
4.Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from another(prenominal) people you know or can imagine. (3-6 sentences. 3.0 points)
5.Describe a real or do up but lifelike example of earned income that you or someone you know has received. What display case of work was the income from? Was the income in the form of a salary or wages? (1-2 sentences. 1.0 points)
6.Describe a real or made up but realistic example of unearned income that you or someone you know has received. (1-2 sentences. 1.0 points)
7.In your Section_2 folder, navigate to and open the Example_W-2. drug abuse it to answer the questions below.
a. What is the name of Jessie Robinsons employer? (0.5 points)
b.



What is the total gross income Jessie received from this employer? (0.5 points) close: This is in the box labeled Wages, tips, other compensation.
c. How much did Jessies employer hold for federal income valuate from Jessies paycheck? (0.5 points)
d. How much did Jessies employer withhold for kindly Security tax from Jessies paycheck? (0.5 points)
e. How much did Jessies employer withhold for Medicare tax from Jessies paycheck? (0.5 points)
f. Calculate Jessie Robinsons net pay by subtracting the three amounts withheld for taxes from Jessies gross pay. (0.5 points)
8.In your Section_2 folder, navigate to and open the Example_1040EZ, and wherefore complete the steps below to...If you want to get a full essay, order it on our website: Orderessay



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