The Cost of Living:The Cost of Living:New York City, NYNew York City, NY

LocationLocationNew York City, NY (Queens)

Total Income: Initial and Total Income: Initial and Post-TaxPost-Tax

Anita YauOccupation: NurseInitial Income: $55,000FICA: $4,207.50Federal Tax: $7,588State Tax: $3,850Post Tax: $43,562Total Income: $39,354.50

Hannah ChangOccupation: Museum TechnicianInitial Income: $40,000FICA: $3,060Federal Tax: $3,756State Tax: $2,800Total Income: $30,384

SavingsSavings(15% of adjusted (15% of adjusted income)income)

Anita Yau$5,903.18Saving’s account at

Bank of America: $3,903.18◦ .10% (APY)

Checking account at Bank of America: $2,000

Hannah Chang$4,557.60Saving’s Account at

HSBC: $3,800.00◦ .10% (APY)

Checking Account at Bank of America: $757.60

Remaining IncomeRemaining Income

Anita Yau$39,354.50

- $5,903.18 (Savings) = $33,451.32

Hannah Chang$30,384

- $4557.60 (Savings) = $25,826.40

HousingHousing16017 Grand

Central ParkwayCity: New York

City (Jamaica, Queens)

Zip Code: 11432

Housing CostsHousing CostsLease Term: 1 yearDeposit: $1,000Living Cost: $16,800 annuallyRenter's Insurance Cost: $200

annuallySize: 1,920 square feet2 bedroom apartment (located

on 2nd floor)1 bathroom

Remaining IncomeRemaining Income

Anita Yau$33,451.32

- $500 (Deposit)- $8,400 (Annual Cost)- $100 (Insurance)= $ 24,451.32

Hannah Chang$25,826.40

- $500 (Deposit)- $8,400 (Annual Cost)- $100 (Insurance)= $16,826.40

HealthcareHealthcareAtlantis Health CareAtlantis Health Care

Anita Yau$5,922.36 annually$493.53/monthHMO 25/40 With

RXDeductible - All

Services & nbsp Deductible-Prescription

Individual Coverage

Hannah Chang$5,609.52

annually$467.46/monthHMO 25/40 Deductible - All

Services Individual

Coverage

Remaining IncomeRemaining Income

Anita Yau$ 24,451.32

- $5,922.36 (Healthcare)= $18,528.96

Hannah Chang$16,826.40

- $5,609.52 (Healthcare)= $11,216.88

TransportationTransportation

Subway: $1,000 annually Bike: $300

Remaining IncomeRemaining Income

Anita Yau$18,528.96

- $1,000 (Subway)- $300 (Bike)= $17,228.96

Hannah Chang$11,216.88

- $1,000 (Subway)= $10,216.88

Utilities Utilities (calculated on annual basis, (calculated on annual basis, shared cost)shared cost)Electricity: $300

Water: $180Gas: $300Internet: $420Cell phones: $840 (each)

Remaining CostRemaining Cost

Anita Yau$17,228.96

- $150 (Electricity)- $90 (Water)- $150 (Gas)- $210 (Internet)- $840 (Cell phone)= $15,788.96

Hannah Chang$10,216.88

- $150 (Electricity)- $90 (Water)- $150 (Gas)- $210 (Internet)- $840 (Cell phone)= $8,776.88

Food/FurnitureFood/Furniture

Anita YauFood: $7,200Household

Furniture: $500 (split cost)

Housing Supplies: $300

Hannah ChangFood: $6,120Household

Furniture: $500 (split cost)

Housing Supplies: $300

Remaining IncomeRemaining Income

Anita Yau$15,788.96

- $7,200 (Food)- $250 (Furniture)- $300 (Household)= $8,038.96

Hannah Chang$8,776.88

- $6,120 (Food)- $250 (Furniture)- $300 (Household)= $2,106.88

Extracurricular ActivitiesExtracurricular Activities

Anita YauClothes: $3,000Gym

Membership at NYSC: $960

Travel: $2,000Museum,

Hanging out with Hannah, Movies, Broadway: $500

Hannah ChangClothes: $1,300Yoga Class at

Ishta Yoga NYC: $325

Museum, Hanging out with Anita, Movies, Broadway: $481.88

Remaining IncomeRemaining Income

Anita Yau$8,038.96

- $3,000 (Clothes)- $2,000 (Travel)- $960 (Gym)- $500 (EC activities)= $1,578.96

Hannah Chang$2,106.88

- $1,300 (Clothes)- $325 (Yoga)- $481.88 (EC activities)= $0

EndEnd

Anita YauSavings: $5,903.18Housing Costs: $9,000Healthcare: $5,922.36 Transportation: $1,300Utilities: $1,440Food/Furniture: $7,750Extracurricular

Activities: $6,460Remaining Income:

$1,578.96

Hannah ChangSavings: $4,557.60Housing Costs: $9,000Healthcare: $5,609.02Transportation: $1,000Utilities: $1,440Food/Furniture: $6,670Extracurricular

Activities: $2,106.88Remaining Income:

$0

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