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2a. Personal Income Expense Statement and Budget

📝 3,204 words 📄 12 pages ⏱ 16 min read 📅 Aug 2, 2026
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2a. Personal Income Expense Statement and Budget

2.1 Personal income statement

Annual wages                         $75,000
Monthly Gross pay                 $6250
Federal Withholding                $265
Social Security                        $238
Medicare                                 $56
California State                       $149
Net Monthly pays                  $5,542
 

2.2 My estimated monthly budget

My family comprises of three family members expenses, which is me, my wife, and our one year old son. We live in an apartment in California.

Estimated monthly Expense
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