Poverty PaperAddressing a low income, welfare life style. Briefly, students will be given realistic monthly budget for a TANF (welfare) parent and will then be asked to develop a detailed household budget for expenditures including food, housing, utilities, laundry, transportation, day care, and other items. Itemized household and food budgets for both TANF and working scenarios presented in tabular form are very important to making the paper readable and should be included. Failure to do so will result in a point penalty. Failure to develop the two budgets required in this assignment for comparison purposes will also result in a major point penalty. When you prepare your budgets do not mingle your Food Stamp (SNAP) and cash incomes. Essentially you will need 4 budgets two for each lifestyle. There will be a cash & a food budget for each lifestyle. Your will also need to make a statement of whether or not you would work and why. Students must discuss and reflect on the type of lifestyle that they would have if they really lived in these circumstances. Then you should develop a budget for a minimum working lifestyle and answer the question Would it be worth your while to take a 25 hour per week job at $7.25 per hour (minimum wage)? Remember, that once you start earning money from a wage, you begin to lose TANF and Food Stamp benefits. A minimum of 15% needs to be deducted from your gross wage earnings to account for various withholding taxes. You may also expect an additional reduction in your TANF benefits equivalent to 20% of your net earnings because you are working. In other words, you cannot add your 25 hour per week earnings to your benefits to get a total budget. You may still assume that you get Medicaid, but yo
ur TANF and Food Stamps should be reduced. Note: there have been some modifications made here to make the budgeting process simpler for you. Your TANF budget is based on the following: You have a family of four (one adult and three children). At least one of your children must be over 6 (and in school) and none can be over 16. Your cash budget is $343 per month (TANF) in cash and you also have $649 per month in food stamps (food only). You may own a car, but no assets worth more than $2,000. Just saying that you spend the allotment for food will not be sufficient. You must provide some detail and make a reasonable attempt to provide a decent diet. You will have Medicaid coverage for most of your medical expenses. You may make use of any additional government or charitable programs that you can find. But be aware that taking contributions from friends, family or working on a cash basis without reporting is welfare fraud. It is strongly suggested that you provide itemized budgets for the sake of clarity. The assignment will be graded on content, clarity, organization, completeness of budgets and grammar. REQUIREMENTSeconomics social work description 6 pages, Double Spacing Answer Preview
.The day to day living of an American dependent on welfare is full of sacrifices on the part of the adult in the family to cater to the needs of their children and dependents. The adult member of the family has to engage in a very tight budgeting process and make tough and impossible choices such as whether to eat or to heat. Additionally, the adult has to struggle to look for other ways to eke out a living rather than being dependent on welfare. This may include
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