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Fixed, Variable, and Discretionary Budgeting Framework
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Created by Julie Rains. © 2022 Hall and Rowe Media, LLC. All Rights Reserved.
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This Sheet: Take-home Pay (earnings from paychecks and other sources, less certain fixed expenses deducted before you pay yourself or receive your paycheck; these cover expenses such as taxes or regular contributions to a retirement account that are necessary and remain constant throughout the year)
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Annual Income
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Annual Salary or Wages$95,000
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Other Income (property rental, capital gains, annuity, etc.)
$0
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Taxes
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Federal Income$9,500
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State Income$4,000
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Municipal/Other Income$0
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FICA$6,500
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Automatic Savings
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Retirement $5,000
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Health (HSA)$4,000
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Flexible (FSA)$0
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College $0
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Other$0
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Insurance
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Health $3,000
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Disability$0
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Life $0
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Other $0
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Other Deductions
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Take-home pay (amount deposited in your bank account yearly)
$63,000
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