/MoneyManagingApplication

This application calculates your salaried or hourly paycheck, taking into account your tax filing status and working hours. You can test future purchases you want to make on a dummy starting balance. Additionally, this application allows you to calculate your budget from your calculated paycheck.

Primary LanguageJava

BankPaycheckTracker

$ java MoneyManager

Today is Thu Oct 29 00:49:00 EDT 2020
WELCOME TO SCOTTBANK
1 - Calculate paycheck
2 - Input spending from calculated paycheck
3 - Input spending from start amount
4 - Calculate budget
10 - Exit

1 - CALCULATE NEXT PAYCHECK.

Which employee type are you?

  1. Salary
  2. Hourly
    : 1

What is your salary wage?
: $60000
Your salary is $60,000.00

What is your pay frequency?
1. Monthly
2. SemiMonthly
3. BiWeekly
4. Weekly
: 3

BiWeekly paychecks.
First week hours: 40
Second week hours: 40
Your total work hours are 80.0

What is your filing status?

  1. Single
  2. Married Filing Jointly
  3. Head of Household
    : 1
    1
    Single. Your income tax is about 22.0%.

As a salaried employee:
- Your BiWeekly paycheck before tax will be $2,307.69
- Your BiWeekly paycheck tax is $507.69
- Your BiWeekly paycheck after tax will be $1,800.00

2 - Input spending from calculated paycheck

Weekly (1), or bi-weekly (2)? 2
Hourly wage: $60
First week hours: 40
Second week hours: 40

Your bi-weekly paycheck is $3908.00

Enter starting amount: $5000.00
Your starting amount is $5000.00

***Tip: Exit by '.123'.
How much is your purchase? $199.99
How much is your purchase? $149.99
How much is your purchase? $399.99
How much is your purchase? $499.99
How much is your purchase? $.123

You will spend $1250.08
You will have a balance of $3749.92

3 - Input spending from start amount

What is your starting amount?
: $1000
Your starting amount is $1,000.00

***Tip: Exit by '.000'.
How much is your purchase? $500
How much is your purchase? $200
How much is your purchase? $.00

You will spend $700.00
You will have a remaining balance of $300.00

4 - Calculate budget

CWELCOME TO SCOTTBANK
1 - Calculate paycheck
2 - Input spending from calculated paycheck
3 - Input spending from start amount
4 - Calculate budget
10 - Exit
4

CALCULATE NEXT PAYCHECK.
Which employee type are you?

  1. Salary
  2. Hourly
    : 1

What is your salary wage?
: $50000
Your salary is $50,000.00

What is your pay frequency?
1. Monthly
2. SemiMonthly
3. BiWeekly
4. Weekly
: 3

BiWeekly paychecks.
First week hours: 40
Second week hours: 40
Your total work hours are 80.0

What is your filing status?
1. Single
2. Married Filing Jointly
3. Head of Household
: 1
1
Single. Your income tax is about 22.0%.

As a salaried employee:
- Your BiWeekly paycheck before tax will be $1,923.08
- Your BiWeekly paycheck tax is $423.08
- Your BiWeekly paycheck after tax will be $1,500.00

***Tip: Exit by '.000'.
You have $1,500.00 left to budget.
Budget category: lasik
Budget amount: $250
You will allocate $250.00 for lasik
You have $1,250.00 left to budget.
Budget category: rent
Budget amount: $400
You will allocate $400.00 for rent
You have $850.00 left to budget.
Budget category: utilities
Budget amount: $200
You will allocate $200.00 for utilities
You have $650.00 left to budget.
Budget category: groceries
Budget amount: $150
You will allocate $150.00 for groceries
You have $500.00 left to budget.
Budget category: fun money
Budget amount: $250
You will allocate $250.00 for fun money
You have $250.00 left to budget.
Budget category: other
Budget amount: $250
Paycheck is successfully allocated
You will allocate $250.00 for other

With a total paycheck of $1,500.00, your budget consists of:
Category: other
Amount: $250.0
Category: fun money
Amount: $250.0
Category: rent
Amount: $400.0
Category: utilities
Amount: $200.0
Category: groceries
Amount: $150.0
Category: lasik
Amount: $250.0