Budget Project Reflection Team 9 - Math (Mr.

Kramer) DIRECTIONS: Answer the following questions regarding the Budget project we did in class.

What occupation did you choose?

I was an interior designer III.

What was your yearly gross pay?

My Yearly gross pay was $52,151.

Name two items that were included in the payroll deductions section of the budget spreadsheet?

Two items are Health Insurance and Social Security.

Explain how net pay was calculated?

How your net pay was calculated was you take you gross pay and after you deduct all your taxes you get your net pay.
Write the actual formula that you would enter in cell B2 to calculate your monthly gross pay

A 1 2
Answer: =C2/12

B Month

Gross Pay

C Year $43,750

Using the scale of 1 to 10 ( 10 being the best, most ) rate the following questions:

Did you enjoy this activity?

10
Was this activity challenging?

Think about when we first started this project and now that it has been a week, try to answer the following questions:

Did anything surprise you from this activity?

What surprised me was how much you got deducted off your pay.
Did any of your thoughts change from when we first started? IF so, what were they?

When we first started I didnt think that you got a lot deducted off your pay and I the end I was surprised. Also there was more but we didnt take that off.
What surprised you by doing this activity?

What surprised me in this activity were how expensive things were and all the taxes that got deducted off your pay.
What are your thoughts now for the future after completing this activity?

My thoughts for the future are now get a roommate and dont spend extra if you dont have to.
Do you have any other thoughts you would like to share about this activity?

It was really fun and I learned a lot about how you need to budget when you are older.