NASHVILLE, TENNESSEE<br />Evelyn Chang & Steven Huang<br />Per. 5<br />
Total Income <br />Occupation: Chemical Engineer<br />Initial Income: $55,000<br />FICA: $4,207.50<br />State Income Tax: ...
Savings (20% of Adjusted Income)<br />$7,978 Annual Savings<br />American Express High-Yield Savings Account<br />$6,778 <...
Housing<br />3868 Central Pike #100, Hermitage, TN 37076<br />One story apartment<br />2 bedrooms<br />2 bathrooms<br />1 ...
Housing Costs<br />Monthly Rent: $945<br />$11,340 annually<br />$5670/person/year<br />Security Deposit: $100<br />$50/pe...
Income Remaining… <br />Initial: $39,892.50<br />- $7978 Savings<br />- $5670 Rent (annual)<br />- $50 deposit<br />- $97....
Healthcare<br />$1,608.96 annually<br />$134.08/month/ person<br />Plan includes:<br />$5,000 Deductible - K19P<br />20% C...
Income Remaining… <br />Initial: $26,097.00<br />- $1608.96 Insurance<br />Remain: $24,488.04<br />Initial: $33,757.50 <br...
Transportation<br />2011 Smart fortwo Passion Coupe<br />Price: $14, 690.00<br />Est. Monthly Payment: $234.00<br />Car In...
Income Remaining… <br />Initial: $ 24,488.04<br />- $1404.00 Car <br />- $1000 Down pay.<br />- $616.74 Car Ins.<br />- $4...
Utility Costs<br />ElectricityAbout 572 kWh/month @ $0.06895/kWh/month <br />$39.44/person/month<br />Natural gas<br />	$1...
Income Remaining… <br />Initial: $21,957.68<br />- $1261.20 Utilities (annual)<br />Remain: $20,696.48<br />Initial: $16,3...
Living Costs (food & other necesities)<br />Food: $100/week ($5200.00/year)<br />TV (split cost): $724.50/person<br />Hous...
Income Remaining… <br />Initial: $20,696.48<br />- $8,186.10 (Living Costs)<br />Remain:$12,510.38<br />Initial: $15,135.9...
Extracurricular Activities<br />Shopping - $2,500<br />Guitar <br />$150 (cost of guitar)<br />$1,200/yr (lessons)<br />Ne...
Extracurricular Activities (cont.)<br />Evelyn<br />Steven<br />Video Games - $250<br />Surround Sound - $300<br />Vacatio...
FINAL Income Remaining… <br />Initial: $12,510.38<br />- $8,463 (Activities)<br />- $35 (Music Fest)<br />Remain:$4,012.38...
Work Cited<br />Advertisement. ForRent.com. N.p., n.d. Web. 8 June 2011. <http://www.forrent.com/‌apartment-community-prof...
Works Cited (cont.)<br />“Home.” Bank of America. Bank of American Corporation, n.d. Web. 8 June 2011. <https://www.bankof...
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Nashville

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Transcript of "Nashville"

  1. 1. NASHVILLE, TENNESSEE<br />Evelyn Chang & Steven Huang<br />Per. 5<br />
  2. 2. Total Income <br />Occupation: Chemical Engineer<br />Initial Income: $55,000<br />FICA: $4,207.50<br />State Income Tax: $3,300<br />Federal Income Tax: $7600<br />Post-Taxes Total: $39,892.50<br />Occupation: Biomedical Engineer<br />Initial Income: $45,000<br />FICA: $3442.50<br />State Income Tax: $2,700<br />Federal Income Tax: $5100<br />Post-TaxesTotal: $33,757.50<br />Evelyn<br />Steven<br />
  3. 3. Savings (20% of Adjusted Income)<br />$7,978 Annual Savings<br />American Express High-Yield Savings Account<br />$6,778 <br />1.15% APY<br />Bank of America Checking Account<br />$1200<br />$6,752 Annual Savings<br />American Express High-Yield Savings Account<br />$5,552<br />1.15% APY<br />Bank of America Checking Account<br />$1200<br />Evelyn<br />Steven<br />
  4. 4. Housing<br />3868 Central Pike #100, Hermitage, TN 37076<br />One story apartment<br />2 bedrooms<br />2 bathrooms<br />1 car garage/ covered parking<br />Appliances included (refrigerator, microwave, washer, dryer, etc.)<br />Size: 1049 sq. ft<br />12- month leasing term<br />THERE WE ARE!<br />
  5. 5. Housing Costs<br />Monthly Rent: $945<br />$11,340 annually<br />$5670/person/year<br />Security Deposit: $100<br />$50/person<br />Renter's Insurance:<br />$195/year<br />$97.50/person/year<br />
  6. 6. Income Remaining… <br />Initial: $39,892.50<br />- $7978 Savings<br />- $5670 Rent (annual)<br />- $50 deposit<br />- $97.50 Rent Ins.<br />Remain: $26,097.00<br />Initial: $33,757.50 <br />- $6,752 Savings<br />- $5670 Rent (annual)<br />- $50 deposit<br />- $97.50 Rent Ins.<br />Remain: $21,188.00<br />Evelyn<br />Steven<br />
  7. 7. Healthcare<br />$1,608.96 annually<br />$134.08/month/ person<br />Plan includes:<br />$5,000 Deductible - K19P<br />20% Coinsurance for in-network service<br />$35 PCP/$50 Specialist Co-pay<br />$8/$35/$60 Prescriptions <br />Individual Coverage<br />$1,260.48 annually<br />$105.04/month/ person<br />Plan includes:<br />$5,000 Deductible - K19P<br />20% Coinsurance for in-network service<br />$35 PCP/$50 Specialist Co-pay<br />$8/$35/$60 Prescriptions<br />Individual Coverage<br />Evelyn <br />Steven<br />
  8. 8. Income Remaining… <br />Initial: $26,097.00<br />- $1608.96 Insurance<br />Remain: $24,488.04<br />Initial: $33,757.50 <br />- $1,260.48 Insurance<br />Remain: $19,927.52<br />Evelyn<br />Steven<br />
  9. 9. Transportation<br />2011 Smart fortwo Passion Coupe<br />Price: $14, 690.00<br />Est. Monthly Payment: $234.00<br />Car Insurance: Esurance - $1233.48 annually<br />State Registration Fee: $90.00<br />Gas prices per gallon in Nashville: $3.574/gallon<br />MPG: 41 (hwy); 29 (hwy)<br />Roughly estimated 5 gallon usage per week: $17.87/ week <br />$929.24/ year<br />
  10. 10. Income Remaining… <br />Initial: $ 24,488.04<br />- $1404.00 Car <br />- $1000 Down pay.<br />- $616.74 Car Ins.<br />- $45 Registration<br />- $464.62 Gas<br />Remain: $21,957.68<br />Initial: $19,927.52 <br />- $1404.00 Car <br />- $1000 Down pay.<br />- $616.74 Car Ins.<br />- $45 Registration<br />- $464.62 Gas<br />Remain: $16,397.16<br />Evelyn<br />Steven<br />
  11. 11. Utility Costs<br />ElectricityAbout 572 kWh/month @ $0.06895/kWh/month <br />$39.44/person/month<br />Natural gas<br /> $10-13/month depending on season<br />$11.50/person/month<br />Water<br />$20.19/person/month<br />AT&T Phone, Internet, DirecTV<br />$67.94 month ($33.97/person/month)<br />TOTAL UTILITY COST PER PERSON PER MONTH: $105.10<br />
  12. 12. Income Remaining… <br />Initial: $21,957.68<br />- $1261.20 Utilities (annual)<br />Remain: $20,696.48<br />Initial: $16,397.16<br />- $1,261.20 Utilities (annual)<br />Remain: $15,135.96<br />Evelyn<br />Steven<br />
  13. 13. Living Costs (food & other necesities)<br />Food: $100/week ($5200.00/year)<br />TV (split cost): $724.50/person<br />Household Supplies: $261.60/person<br />Furniture (split cost): $2000/person<br />TOTAL LIVING COST PER YEAR: $8186.10<br />Food: $120/week ($6240.00/year)<br />TV (split cost): $724.50/person<br />Household Supplies: $261.60/person<br />Furniture (split cost): $2000/person<br />TOTAL LIVING COST PER YEAR: $9226.10<br />Evelyn<br />Steven<br />
  14. 14. Income Remaining… <br />Initial: $20,696.48<br />- $8,186.10 (Living Costs)<br />Remain:$12,510.38<br />Initial: $15,135.96<br />- $9,226.10 (Living Costs)<br />Remain:$5,909.86<br />Evelyn<br />Steven<br />
  15. 15. Extracurricular Activities<br />Shopping - $2,500<br />Guitar <br />$150 (cost of guitar)<br />$1,200/yr (lessons)<br />Netflix Subscription<br />$4.00/month/person<br />Time Magazine Sub.<br />$15/yr/person<br />Shopping - $1,000<br />Guitar <br />$150 (cost of guitar)<br />$1,200/yr (lessons)<br />Netflix Subscription<br />$4.00/month/person<br />Time Magazine Sub.<br />$15/yr/person<br />Evelyn<br />Steven<br />
  16. 16. Extracurricular Activities (cont.)<br />Evelyn<br />Steven<br />Video Games - $250<br />Surround Sound - $300<br />Vacationing<br />$4000<br />TOTAL: $8463.00<br />Video Games - $250<br />Surround Sound - $300<br />Vacationing<br />$2500<br />TOTAL: $5463.00<br />We will also attend the following annual events: the Nashville Film Festival, the Tomato Art Fest, the CMA Music Festival, the Tennessee State Fair.<br />*CMA Music Festival has a $35 Admission Fee<br />
  17. 17. FINAL Income Remaining… <br />Initial: $12,510.38<br />- $8,463 (Activities)<br />- $35 (Music Fest)<br />Remain:$4,012.38<br />Initial: $5,909.86<br />- $5,463 (Activities)<br />- $35 (Music Fest)<br />Remain:$411.86<br />Evelyn<br />Steven<br />
  18. 18. Work Cited<br />Advertisement. ForRent.com. N.p., n.d. Web. 8 June 2011. <http://www.forrent.com/‌apartment-community-profile/‌999911661.php>.<br />Amazon.com. N.p., n.d. Web. 8 June 2011. <http://www.amazon.com>.<br />American Express. American Express Company, n.d. Web. 8 June 2011. <https://home.americanexpress.com/‌home/‌axpi/>.<br />“AT&T.” AT&T. AT&T Intellectual Property, n.d. Web. 8 June 2011. <http://www.att.com/‌#fbid=6tfQ9-NTOSC>.<br />“Canyon Ridge Apartments.” Canyon Ridge. N.p., n.d. Web. 8 June 2011. <http://property.onesite.realpage.com/‌templates/‌template_concept04_hex_mr/‌default.asp?w=mrcanyonridge>.<br />“Energy Consumption in Tennessee Homes.” Energy Efficiency and Renewable Energy. US Department of Energy, n.d. Web. 8 June 2011. <http://apps1.eere.energy.gov/‌states/‌residential.cfm/‌state=TN>.<br />“Fuel Economy.” Energy Efficiency and Renewable Energy. U.S. Department of Energy, n.d. Web. 8 June 2011. <http://www.fueleconomy.gov/>.<br />“Health Insurance in Tennessee.” BlueCross BlueShield of Tennessee. BlueCross BlueShield, n.d. Web. 8 June 2011. <http://www.bcbst.com/>.<br />
  19. 19. Works Cited (cont.)<br />“Home.” Bank of America. Bank of American Corporation, n.d. Web. 8 June 2011. <https://www.bankofamerica.com/>.<br />“Nashville, Tennessee.” Wikipedia. N.p., n.d. Web. 8 June 2011. <http://en.wikipedia.org/‌wiki/‌Nashville>.<br />“Official Site of the County Music Association.” CMA World. CMA, n.d. Web. 8 June 2011. <http://www.cmaworld.com/‌cma-music-festival/‌index>.<br />Smart. Smart USA Distributor LLC, n.d. Web. 8 June 2011. <http://www.smartusa.com>.<br />“Tennessee Gas Prices.” GasBuddy.com. N.p., 2011. Web. 8 June 2011. <http://www.tennesseegasprices.com/>.<br />United States. Dept. of Agriculture. “U.S. Average, April 2011.” Official USDA Food Plans: Cost of Food at Home at Four Levels. N.p., n.d. Web. 8 June 2011. <http://www.cnpp.usda.gov/‌Publications/‌FoodPlans/‌2011/‌CostofFoodApr2011.pdf>.<br />“Utilities.” Nashville Area Chamber of Commerce. N.p., n.d. Web. 8 June 2011. <http://www.nashvillechamber.com/‌Homepage/‌BusinessNashville/‌Research/‌Utilities.aspx>.<br />

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