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Personal Finance

Congratulations your life of a highschool student is finally over. Your job is an electrical engineer, making an average salary of $62,360. All elements in this project must be researched.

A. Identify each of the following pay types and a corresponding career for each:

Hourly Wage

Salary

Tips

Independent Contractor

Dividends

Capital Gains

B. Career (Project even Career)

Your job is an electrical engineer. The state you are in is Georgia and you get to choose which city you will work at.

Job Title: Electrical engineer

Salary:

Taxes (Taxes must be Complete) Federal, State, Property, and FICA

Organization (Name of Business and its City, State)

Job Description (Detail Day to Day Duties)

Education and Special Training needed (Your Credentials)

Retirement Age and Plans (Include financial saving and investment strategies)

such as: Roth IRA, 401k, 403b, mutual funds..ect

4. Payment Methods:

Define and give an example of each of the following:

- Cash

- Debit Card

- Credit Card

Prepaid Card

- Mobile Payment App

Identify the most efficient use of EACH of the above methods of payment with any subtopic of this Project:

5. Credit: Identify 3 Major Credit Bureaus

Pull Credit Report for FREE. (Keep Report Confidential)

Explain how you got it.

Describe the following types of Credit:

Revolving

Installment

Describe the Following:

Payment History

Debt to Income Ratio

Amount Owed

Length of Credit History

Types of Credit used

Amount of available Credit

Recent Credit Applications

Review Credit Card Application online (e.g. Visa, Mastercard)

Identify information needed to completed applications (You may cut/paste info)

Which card would you prefer?

What type of credit would you be applying for (Revolving or Installment)?

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