please use your imagination im studing international business if that helps.

Part II (from “Your Financial Condition” to “Taxes”)

Your Financial Condition

Briefly analyze your present financial condition, and put together your Financials including your personal Income Statement, Balance Sheet, and Net worth

Personal Income Statement

My Monthly Income (A)

2400

My Monthly Expenses (B)

1509

My Monthly Net Income / Deficit (A-B)

891

Personal Balance Sheet as of today

My Assets (C)

My Liability (D)

My Net Worth (C-D)

How do you see your future in general?

In detail, explain your plan for your financial future

How do you plan to structure your life to reach your goals?

Explain how you plan to build wealth and give an example.

Budgeting and recordkeeping

Discuss how well you are presently budgeting and recordkeeping

Discuss your plans for future budgeting and recordkeeping

Time value of money

What tools do you feel you need to know?

How do you plan to use them?

How can you build models of your life since you do not know the future?

Taxes

Explain the basics of U.S. Federal taxation

Ordinary Income

Capital gains

Marginal rates

Why is a knowledge of taxes so important?

How do you think taxation in the future will change, considering the recent bailouts, the economic damage to our economy, and possible new bailouts due to the plague?