Develop your own personal budget

Reference no: EM132911837

-Develop your own personal budget. Include such expenses such as Rent/Mortgage, Utilities, Travel, Tuition, Books, Clothing, Entertainment, Food, Telephone, Misc.

-You have two hourly contract employees who work for you. They both make $30 per hour. How much should you budget in labour costs for the year, based on the following assumptions;

(i) Total working hours in a year (40 hours per week x 52 weeks)
(ii) 10 holidays per year (8 hours per day) that you do not pay them for
(iii) 10 days vacation per year (8 hours per day) that you do not pay them for
(iv) 4 Sick days (8 hours per day) that you do not pay them for
(v) You do not pay them for their 30 min lunch each day
How many hours will each work this year based on the assumptions above? How much should you budget to spend?

Reference no: EM132911837

Questions Cloud

Benefits of collaborative and team-oriented workplace : What are the benefits of collaborative and team-oriented workplace and What activities help to influence team-oriented and collaborative workplace

Preceding the gathering with the delegate : How shold Joseph have taken care of his director's conduct preceding the gathering with the delegate from the other organization?

List examples for environmental sustainability : List 3 examples for environmental sustainability that applies to physical assets and outline the environmental and financial benefits as applicable:

Creating unique lifestyle experiences : A globally trusted event solution Provider in Southern Africa, creating unique lifestyle experiences always exceeding customer expectations.

Develop your own personal budget : How many hours will each work this year based on the assumptions above? How much should you budget to spend?

ENG 116 Informative Report Assignment : ENG 116 Discover the Writer in You Assignment Help and Solution - Strayer University, USA - Homework Help - Informative Report

What is the new name for central board of excise : Q. Which are the three locations identified by India to set up 'water aerodromes' in India where amphibian planes can land ?

What are the core functions of the organization : How many employees currently work at Sussex Royal Hotel and What are the core functions of the organization? A core function is any task that is necessary

Perception of the team members towards management : It was only 8:05 a.m. on a beautiful Tuesday morning. Haniff was reading through his emails in his little office when he spotted his manager walking quickly pas

User Account

All Pages