Tuesday, November 26, 2013

20% project update November

I'll be honest, finding time to work on this project is difficult. Progress has been slow. I did begin a little research into some basic mechanics and I've realized that it's going to take a large amount of time to find what I'm looking for.
I plan on putting a dent in my research and working to understand what I need to in order to complete my drawings this thanksgiving break. Part of my research will involve talking with my dad and I believe he can help me with my drawings. The drawings of what the device will look like should be done, at least a rough drawing, this break.
Throughout December, I can fine tune the drawings of the outer parts of the device as continue my research. Talking to several other adults will be necessary for me to understand the inner workings of what I want to do.
There is no way I will have a tangible device by the end of the semester. I would like to have the understanding of  basic mechanics and how I can apply those to what I want to do. If I got the basic rough ideas for all of the parts necessary for the drawings I could talk to professionals to help develop the drawings into something usable. That would all probably run through the rest of the year.

Sunday, November 10, 2013

Salary

Gross- $250,000
Net- $154,535.50

No state income tax.

Federal income tax for my bracket is 33%. After taking that out I have $167,500.

Social security is 6.2% and Medicare is 1.54%. (The additional .09% is supposed to be added.) Combined that comes to 7.74% and once that is taken out I'm left with $154,535.50.

Fed Income
.33*$250,000 = $82,500
$250,000 - $82,500 = $167,500

SS and Medicare
.0774* $167,500 = $12,964.50
$167,500- $12,964.50 = $154,535.50

tax-brackets.org
tax-rates.org

Saturday, November 2, 2013

20% Project- October

I did not accomplish my entire goal for October. I did talk to each teacher that I planned to as well as another, Mr. Lensegrav. All of the teachers are willing to help me complete my project. I didn't accomplish the drawing of my tool. After talking to Mr. Ursay, I realized how in-depth and complicated the drawings need to be. In order to move forward I need to complete multiple drawings and in order to do that, I need to research quite a few different aspects.

My goal for this next month is much more realistic. I would like to have the drawing process started, which means I would have most of my research done.