CAREER / BUDGET PROJECT

Business Principles - 2nd Semester

PART I - Your Future Job

1. Describe what the job entails  Engineer/Senior Engineer, IT Access Management at
American Airlines; https://www.youtube.com/watch?v=PYBYrYJaemc&feature=youtu.be
2. Education Required: Software technology, Civil Engineering, (optional: Energy
engineering and computer hardware engineering)
3. Income Range: $88K - $126K - $167K (https://www.paysa.com/job/engineer-senior-
engineer-it-access-management-at-american-airlines-69649738?
utm_campaign=google_jobs_salary&utm_source=google_jobs_salary&utm_medium=or
ganic)

PART II - Your Monthly Budget (based on the average salary for this job)
1. Your monthly gross and net pay (show how much federal tax, medicare, and FICA). For
example:
Avg. Pay per month: $10,500

Gross Pay $ 10,500

Federal Tax $ 1804.17 -
Fica $ 803.25 -
Net Pay $ 7892.58

2. Fill out the following table:

Category % Average % You Your Monthly Budget

American (round off)
 Housing (include electricity, 29% 29% $2288.85
water, rent)
Transportation (gas, car 16% 5% $394.629
payment, car maintenance,
car insurance, public
transport,…)

Food 11% 9% $710.33

Other insurance, retirement, 10% 10% $789.26
pensions,…
Student loan payments 7% 6% $473.55
Medical/dental/vision 6% 4% $315.70
insurance payments
Entertainment 5% 6% $473.55
Clothes 3% 2% $157.85
Everything else (cell phone, 13% 10% $789.26
cable,…)
1.
 Explain what is in the ‘Everything Else’ category: Phone payments, purchasing gifts,
buying computers or other technology
Rest of the money not spent will be saved.

PART III – Housing

1. Draw a floor plan of the place you plan on buying and specify what type of home it is
(condo, apartment, house,…). Also mention in which city/town and state it is in.
a. In Fort Worth, TX (Alexan Summit – 424 Summit Ave, FW, TX 76012)
b. Apartment rented (1 bed, 1 bath)

c.
2. Calculate the total square footage of your residence
a. 958 sq. ft.
3. Research online to find a good estimate of the value of your home (based on , type of
home, location, and square foot of the residence)
a. Price: $1770 per month
 4. Based on the estimated $ value of your residence, how big will your mortgage be? How
many months/year will you take to pay off your mortgage? What will your monthly
mortgage payment be?  Make sure this is the same as what is in your budget table in
Part II
a. No mortgage because it is not a purchase; instead, rent will be paid every month
5. Estimate your monthly electric bill based on the square footage of your residence. In
what category did you put this expense?
a. $85 per month
b. Housing

RUBRIC
25 Points Part I – Job
25 Points Part II – Monthly Budget
25 Points Part III – Housing
25 Points Work Ethic, Creativity
 Up to 10 points off for bad slides (stick with the main rules of 1) 3 bullet points per slide max;
2) 5 words per bullet point max; and 3)graphics over words)