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Consumer Prices and Buying. Congratulations! You have graduated college and are ready to enter the work force.

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Presentation on theme: "Consumer Prices and Buying. Congratulations! You have graduated college and are ready to enter the work force."— Presentation transcript:

1 Consumer Prices and Buying

2 Congratulations! You have graduated college and are ready to enter the work force. http://www.slate.com/blogs/moneybox/2014/05/08/unemployment_a nd_the_class_of_2014_how_bad_is_the_job_market_for_new_college.html http://www.slate.com/blogs/moneybox/2014/05/08/unemployment_a nd_the_class_of_2014_how_bad_is_the_job_market_for_new_college.html You picked major wisely, meaning your job is related to your education. Now it’s time to move out on your own and find a place to live and get some wheels.

3 Young Professional Find the average salary of an entry-level position in your vocation. Choice a place to live. If your vocation is generally focused in one region, pick a city in that region. (work driven or location driven). List 5 factors of your decision. Find some wheels. List 5 factors of your decision.

4 How much is your Take Home? Salary http://www.bls.gov/ooh/ http://monster.salary.com/SalaryWizard/LayoutScripts/Swzl_NewSearch.aspx FED INCOME TAX WITHHOLDING http://www.irs.gov/pub/irs-pdf/p15.pdf FICA FICA MED STATE INCOME TAX http://www.sctax.org/NR/rdonlyres/7A0D4072-46E0-439E-9C15- 749710C47038/0/WH1603_04192013.pdf http://www.sctax.org/NR/rdonlyres/7A0D4072-46E0-439E-9C15- 749710C47038/0/WH1603_04192013.pdf

5 Say AHHHH (Health Insurance) http://www.ncsl.org/research/health/health-insurance- premiums.aspx http://www.ncsl.org/research/health/health-insurance- premiums.aspx http://www.webmd.com/health-insurance/insurance- costs/insurance-cost-calculator http://www.webmd.com/health-insurance/insurance- costs/insurance-cost-calculator

6 Where are you living (in the year 2020….) Find a zip code for the city/town Is there good public transportation? Do you need a car? Do you have car insurance?

7 How much is that Widget in the Window…. Cost Recovery Pricing (R&D) Cost-plus (+ markup) Value-Based (Highest possible) Market-Based (competitive pricing)


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