United States. Johnson Lars. ...a family finance simulation. Funded by a grant from Take Charge America, Inc. to the University of Arizona

Transcription

1 Life In... United States Johnson Lars...a family finance simulation Funded by a grant from Take Charge America, Inc. to the University of Arizona Family Economics & Financial Education - September Life in...united States Simulation - Johnson - Notebook Cover and Profile Page 1

2 The Johnson Family Life In... Race/Gender/Age Marital Status White Male, Age 52 Single Personal Profile Children None Occupation Chief Executive Residence Metropolitan Area Over 5 Million Educational Level Bachelor s Degree Background Information Growing-up, Lars loved taking things apart and putting them back together. He loved electronics and as read much about them and worked with them when given the chance. He also loved watching television commercials and reading magazine and newspaper advertisements. During high school he would watch the commercials and critique them based on criteria he had created including graphics, sound, usefulness of product, and what audience the advertisement was targeting. Lars received an academic scholarship to attend university where he earned a marketing degree. While in school, he also took a number of computer science classes. Given his love for hands on work and his educational back ground, Lars earned a marketing job right after college. As computers become more important to the business world, Lars began to experiment in more detail with how computers worked, the languages they used, and the software available for them. Eventually he quit his marketing job and began to work for a small programming company, now he is the chief executive. Although his company suffered during the stock market dips over the last few years, he and his firm continue to do quite well. When Lars was in his 30s he bought an electric train set and fell in love with the hobby. Although he gets teased by friends about how old fashioned this hobby is, he enjoys it a lot. He has trains that run all around his home. Lars spends $60.00 monthly on his trains. Lars also enjoys traveling. Lars and his girlfriend take trips regularly. They have been to various parts Europe, Asia, Australia, New Zealand, and Canada. Lars saves $ monthly for these trips. Lars invests $ and saves $ monthly. He is an active volunteer in his church and also gives 10% of his paycheck amount (his net income) to the church and another $ to various charities monthly. Lars also contributes $ monthly to a scholarship fund at his alma mater....a family finance simulation Family Economics & Financial Education - September Life in...united States Simulation - Johnson - Notebook Cover and Profile Page 2

3 Lars Johnson Life In... Job Information Job Awarded Chief Executive Employer Computer Talk Inc. Annual Wages U.S. Wages $140,580 Benefits & Retirement Health Insurance Medical - $ per month $500 deductible Dental - $34 per month Vision - $3.05 per month Covered 100% by employer Includes self only Pay per month Retirement Package 401K - Pay $ per month...a family finance simulation Family Economics & Financial Education - September Life in...united States Simulation - Johnson - Notebook Cover and Profile Page 3

4 C OMPUTER TALK, INC. Job Opening C HIEF EXECUTIVE SEND RESUME TO: Zoe Kennison 1467 Main St. Any City, USA Chief executives meet frequently with other executives to ensure that operations are conducted in accordance with policies. They oversee executives who direct the activities of various departments and implement the organization s daily policies. Family Economics & Financial Education - September Life in...united States Simulation - Johnson - Notebook Cover and Profile Page 4

5 Computer Talk, Inc Main St. Any City, USA Date March 5, Pay To The Order Of: Lars Johnson $6, Six thousand eight hundred seventy-one and 29/100 Dollars National Bank 5832 Main Street Any City, USA Memo February Paycheck : : 1234 Computer Talk, Inc. Authorized Signature Computer Talk, Inc. Pay Period 2/1/2004-2/29/2004 Employee Johnson, Lars SSN Check # 1234 Check Amount $6, Employee Address 531 Hard Drive Ln. Any City, USA Pay Type Gross Pay Year-to-date Gross Pay Deductions Current Year-to-date Regular $11, $23, Federal Withholding State Withholding Social Security Medicare 401 K Medical Additional Withholding $2, $ $ $ $ $5, $ $1, $ $1, Totals $4, $9, Family Economics & Financial Education - September Life in...united States Simulation - Johnson - Notebook Cover and Profile Page 5

6 4% 2% 5% 4% 16% Average Expenditures $75,000 and Over Annual Gross Income *The percentages should be used as a guideline to determine expenses on the spending plan. 1% 3% 7% 6% Food at Home 7% Food Away from Home 6% Housing 30% Apparel and Services 5% Transportation 18% Health Care 4% Entertainment 5% 29% Education/Reading 2% Contributions 4% Personal Insurance, Pensions, & Social Security 16% Personal Care 1% Other 3% 18% 5% Family Economics & Financial Education - September Life in...united States Simulation - Johnson - Notebook Cover and Profile Page 6