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The Money => 2011 => Topic started by: Father Luke on March 11, 2011, 11:58:04 PM

Title: Tell me how you manage to make ends meet...
Poast by: Father Luke on March 11, 2011, 11:58:04 PM
This is just a place holder for 2011. But I have to tell you? I didn't do well.

Stay tuned.
Title: Re: Tell me how you manage to make ends meet...
Poast by: Father Luke on April 03, 2011, 12:14:42 PM
In 2010 I was awarded $200 in food stamps, something called an EBT card,
which is used like a credit card, worth up to, in my case, $200.

So, paid income for 2010 was:

$200 - Food Stamps
  x12 - Months in the year
_____
$2,400

PLUS

I got paid $8,831.28 by the State of Oregon to take care of children:



So...

$8,831.28
+
$2,400
_______
$11231.28 - Income before taxes for 2010


I got paid directly from the State, I have to pay my own taxes, etc.
Taxes are looking like about $600 - $800

So...

$8,831.28
+
$2,400
-
$700
_______
$10531.28 - Income after taxes for 2010


There it is.