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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