Computer Applications 1, 2, 3 eDay Assignment 3

1. Open a new blank document and save the file as CompApps_Per# (replace “#” with your period.)
2. Change the 3 things.

3. Type your name aligned right on the first line of the document.

4. On the second line of the document type Period # also aligned right. 5. Enter 3 times.
6. Type the following paragraphs left aligned. Make sure you use proper spacing, spell check, and proofread your document.

As you enter the workforce, you will notice money has been deducted from your paycheck for several reasons. In fact, one of the comments you hear frequently from a person who has just entered the workforce is “What happened to my check?” This comment refers to the number and amount of deductions that are frequently withheld from your paycheck. Understanding those deductions, and knowing how much they will be, is critical to financial planning because it provides you with a base level of income you can use to plan your spending. Remember, it is a good idea to always spend less than you make so you can save and invest the surplus.

Once you have some idea of what your take-home pay is, you can either save or spend that money. You may use those funds to accumulate possessions that have financial value or you may place the money in savings. Some of you may already own a car, a musical instrument, or a baseball card collection. As you grow older you may buy a house or invest in stocks and bonds. All of these things, including your savings account, are assets that contribute to your overall net worth. Your net worth is important because many lenders use this financial scorecard to determine your creditworthiness.

7. Email your document to carol.bader@celinaschools.org as an attachment. If you do not have access to Microsoft Word, you may use Google Docs and share the document with me. If you use Google Docs, you must email me to let me know you have shared a file with me. If you cannot email, print the document and bring it to class.