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Create a multi-year annual budget in Microsoft Excel. Include the following in y
Create a multi-year annual budget in Microsoft Excel. Include the following in your budget. - Common budget items income and expenses. Include cost of living adjustments (inflation). - Retirement income from investment accounts. All investments earn a return. Assume taxable investments only earn income/capital gain in retirement. - Social security income. Estimate your social security benefit in a separate worksheet. - Purchase a home at a time determined by you. Create an amortization schedule in separate worksheet. Include property taxes, home insurance and inflation. - Including credit card debt payments is optional. Keeping track of the balance is optional, but ensure you estimate when payments end. - Including student loans payments is optional. Keeping track of the balance is optional, but ensure you estimate when payments end. - Contribution, investment and distribution for a Traditional 401K (include company match), Roth IRA and Taxable Investments. Adhere to all limits. - Track asset account balances (investments, cash savings) in a separate worksheet. Tracking of liability account balances (loan, credit cards) is optional. - Income taxes (20% of taxable income), other payroll taxes (10% of taxable income) and deductions ($25,000 per year). - Annual net cash flow and track balance. - Inflation/Cost of Living Adjustments where necessary. - Time value of money calculations where appropriate. - Account for all retirement plan contribution, investment and distribution rules and limits. Adjust limits for inflation. Please begin by using excel outline that is listed. All the information will be put in the outline. Make up reasonable numbers based on the information listed.

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