Finance 101
Where Do Our Taxes Go?
Social Security taxes go towards people with retire benefits and the spouses and children of retired workers. Medicare taxes go towards healthcare for citizens over the age of 65 or have disabilities. The rest of the money goes to low-income children, adults, elderly and people with disabilities. Federal Taxes go towards military, human resources, general government and physical resources. State Taxes mostly go towards education and healthcare but it also goes towards transportation, people with mental illnesses, assistance to low-income families, environmental projects, police, parks and recreation centers and local governments.
http://www.cbpp.org/cms/index.cfm?fa=view&id=1258
http://www.cbpp.org/cms/index.cfm?fa=view&id=2783
http://www.warresisters.org/pages/piechart.htm
Finding the Take Home Pay of a Choreographer
http://www.ehow.com/info_8211027_much-do-dance-choreographers-paid.html
The average salary of a Choreographer is $42,130
Medicare:
.0145($42,130) = $610.885
Social Security:
.062($42,130) = $2,612.06
Federal:
.25($42,130)-3,970 = $6,562.50
State:
.0825(42,130)-1,667.27 = $1,808.46
Total Taxes = $11,593.91
Take Home Pay = $30,536.09
Job Postings
http://www.employmentcrossing.com/lcjsjobdetail.php?akey=d06f63967da9ceb080f535abdd04297e
http://www.sandiegodancetheater.org/ChoreographersPrize.html
http://careers.worldsofdiscovery.com/Scripts/PartTimeSeasonal/OpeningDetail.aspx?
title=abeopaio&locationID=1002&utm_source=Indeed&utm_medium=cpc&utm_campaign=Indeed
Choreographer Qualifications
"Some earn a bachelor’s degree or attend dance school, although neither is required. Becoming a choreographer usually requires years of dancing experience" - http://www.allthingspolitical.org/careers/dancer_choreographer_training.htm
"Choreographers should be qualified Dancers"- http://www.creativeskillset.org/film/jobs/performing/article_4721_1.asp "Put simply, in a lot of cases there are no official qualifications you will need in order to become a choreographer. Some universities and dance schools offer specific qualifications in choreography, with entrance determined through a dance audition and interview, but they are not mandatory.The best qualification for becoming a choreographer is to display a deep knowledge of, and passion for, dance, as well as having a good amount of experience of dancing itself."
-http://www.myjobsearch.com/careers/choreographer.html
Skills
Social Security taxes go towards people with retire benefits and the spouses and children of retired workers. Medicare taxes go towards healthcare for citizens over the age of 65 or have disabilities. The rest of the money goes to low-income children, adults, elderly and people with disabilities. Federal Taxes go towards military, human resources, general government and physical resources. State Taxes mostly go towards education and healthcare but it also goes towards transportation, people with mental illnesses, assistance to low-income families, environmental projects, police, parks and recreation centers and local governments.
http://www.cbpp.org/cms/index.cfm?fa=view&id=1258
http://www.cbpp.org/cms/index.cfm?fa=view&id=2783
http://www.warresisters.org/pages/piechart.htm
Finding the Take Home Pay of a Choreographer
http://www.ehow.com/info_8211027_much-do-dance-choreographers-paid.html
The average salary of a Choreographer is $42,130
Medicare:
.0145($42,130) = $610.885
Social Security:
.062($42,130) = $2,612.06
Federal:
.25($42,130)-3,970 = $6,562.50
State:
.0825(42,130)-1,667.27 = $1,808.46
Total Taxes = $11,593.91
Take Home Pay = $30,536.09
Job Postings
http://www.employmentcrossing.com/lcjsjobdetail.php?akey=d06f63967da9ceb080f535abdd04297e
http://www.sandiegodancetheater.org/ChoreographersPrize.html
http://careers.worldsofdiscovery.com/Scripts/PartTimeSeasonal/OpeningDetail.aspx?
title=abeopaio&locationID=1002&utm_source=Indeed&utm_medium=cpc&utm_campaign=Indeed
Choreographer Qualifications
"Some earn a bachelor’s degree or attend dance school, although neither is required. Becoming a choreographer usually requires years of dancing experience" - http://www.allthingspolitical.org/careers/dancer_choreographer_training.htm
"Choreographers should be qualified Dancers"- http://www.creativeskillset.org/film/jobs/performing/article_4721_1.asp "Put simply, in a lot of cases there are no official qualifications you will need in order to become a choreographer. Some universities and dance schools offer specific qualifications in choreography, with entrance determined through a dance audition and interview, but they are not mandatory.The best qualification for becoming a choreographer is to display a deep knowledge of, and passion for, dance, as well as having a good amount of experience of dancing itself."
-http://www.myjobsearch.com/careers/choreographer.html
Skills
- A thorough knowledge of dance;
- Visual and creative abilities;
- Teaching skills;
- Perseverance and stamina;
- Excellent communication and interpersonal skills;
- Self motivation;
- Team working skills;
- Practical and creative problem solving skills;
- Organizational skills;
- Knowledge of the requirements of the relevant Health and Safety legislation and procedures
Housing: http://www.rent.com/rentals/mid-city-san-diego-san-diego-california/vale-way-houses/57937959/?linkname=MyRent_ClaimViewed_button
Rent: $700 /month with roommate
Utilities Covered:
Debt Elimination Warm Up
How Your Credit Score is Determined
http://finance.yahoo.com/education/loan/credit_basics/article/101287/about_30_factors_influence_your_credit_score
Factor Considered
My Credit Score
College Tuition Loan: University of Santa Barbara
Tuition for four years- $122,692
Tuition per year- $30,673
Tuition per month- $2,359
Summary of Six Different Ways to Calculate Interest
Previous Balance is when the interest is made by using the end balance of the card from the month before excluding any such payment of the current month. Ending Balance is using the end balance of the current month including every purchase that occurred that month. Adjusted Balance is using your previous billing cycle's balance plus the purchases made during the current month. Average Daily Balance is figured out by adding up the amount of days in the billing cycle and dividing it by the balance of those days. Two-Cycle Average Daily Balance is pretty much the same thing as the average daily balance except they took into account of the past and current months billing cycles. Lastly the Grace Period is where you don't have to pay any interest as long as you pay your entire balance by the due date.
Citation: http://www.ehow.com/list_7199147_6-calculate-interest-credit-cards.html
POL Semester 1 Reflection: Finance 101
For the people that went to High Tech Middle, we had already done a project similar to this one. I already knew the trouble of figuring out a job that you would really want to do in the future. That again was something hard for me to figure out. Although I am not sure dance(choreography) is the career I want to go into because it is very restrictive to get a job and once gotten, a very low pay. This project gives me the chance to see the reality of this job and how one could live with this career. One thing that was helpful to know was generally how taxes are calculated. I obviously needed a review but I feel I picked it up faster than if I were to learn it for the first time.
Artifact: My DP
Rent: $700 /month with roommate
Utilities Covered:
- Air conditioning
- Cable/Satellite Ready
- Ceiling Fan
- High Speed Internet Available
- Garbage Disposal
- Microwave
- Refrigerator
- Washer and Dryer in Unit
5888 Vale Way san diego, CA 92115
Car: MTS Bus Pass- $72 /month
Gas/ Electric:
- $60 /month
Cable/Internet:
Time Warner Cable $50 /month
Cell Phone:
Verizon Wireless $120 /month for IPhone
Water/ Sewage/ Trash:
- $50 /month
Food:
$200 /month
Debt Elimination Warm Up
How Your Credit Score is Determined
http://finance.yahoo.com/education/loan/credit_basics/article/101287/about_30_factors_influence_your_credit_score
Factor Considered
- Amount owed on accounts is too high.
- Delinquency on accounts.
- Too few bank revolving accounts.
- Too many bank or national revolving accounts.
- Too many accounts with balances.
- Consumer finance accounts.
- Account payment history too new to rate.
- Too many recent inquiries in the last 12 months.
- Too many accounts opened in the last 12 months.
- Proportion of balances to credit limits is too high on revolving accounts.
- Amount owed on revolving accounts is too high.
- Length of revolving credit history is too short.
- Time since delinquency is too recent or unknown.
- Length of credit history is too short.
- Lack of recent bank revolving information.
- Lack of recent revolving account information.
- No recent non-mortgage balance information.
- Number of accounts with delinquency.
- Too few accounts currently paid as agreed.
- Time since derogatory public record or collection.
- Amount past due on accounts.
- Serious delinquency, derogatory public record, or collection.
- Too many bank or national revolving accounts with balances.
- No recent revolving balances.
- Proportion of loan balances to loan amounts is too high.
- Lack of recent installment loan information.
- Date of last inquiry too recent.
- Time since most recent account opening too short.
- Number of revolving accounts.
- Number of bank revolving or other revolving accounts.
- Number of established accounts.
- No recent bankcard balances.
- Too few accounts with recent payment information.
My Credit Score
College Tuition Loan: University of Santa Barbara
Tuition for four years- $122,692
Tuition per year- $30,673
Tuition per month- $2,359
Summary of Six Different Ways to Calculate Interest
Previous Balance is when the interest is made by using the end balance of the card from the month before excluding any such payment of the current month. Ending Balance is using the end balance of the current month including every purchase that occurred that month. Adjusted Balance is using your previous billing cycle's balance plus the purchases made during the current month. Average Daily Balance is figured out by adding up the amount of days in the billing cycle and dividing it by the balance of those days. Two-Cycle Average Daily Balance is pretty much the same thing as the average daily balance except they took into account of the past and current months billing cycles. Lastly the Grace Period is where you don't have to pay any interest as long as you pay your entire balance by the due date.
Citation: http://www.ehow.com/list_7199147_6-calculate-interest-credit-cards.html
POL Semester 1 Reflection: Finance 101
For the people that went to High Tech Middle, we had already done a project similar to this one. I already knew the trouble of figuring out a job that you would really want to do in the future. That again was something hard for me to figure out. Although I am not sure dance(choreography) is the career I want to go into because it is very restrictive to get a job and once gotten, a very low pay. This project gives me the chance to see the reality of this job and how one could live with this career. One thing that was helpful to know was generally how taxes are calculated. I obviously needed a review but I feel I picked it up faster than if I were to learn it for the first time.
Artifact: My DP