Budgeting <ul><li>Raya Gazae & Sukie Fontaine </li></ul>Stephanie Chen & Irene Lee  Per. 5
Overview <ul><li>SUKIE FONTAINE </li></ul><ul><li>Occupation: Artist Manager </li></ul><ul><li>Initial Income: $45,000.00 ...
Taxes, Taxes, Taxes. <ul><li>MS. GAZAE, you owe: </li></ul><ul><li>Federal Income Tax: $8,850 </li></ul><ul><li>FICA (7.65...
Saving <ul><li>4% of adjusted income Sukie Fontaine (Total Savings: $1,800) </li></ul><ul><li>$1,200 Savings account at Am...
What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.5 </li></ul><ul...
Housing Information 1,259 square feet Apartment (12th Floor) 1 car parking space 2 bathrooms 2 bedrooms 2 baths Unparallel...
Housing: Costs Costs Lease Term: 1 Year Deposit: $1,200 Living Cost: $27,600 annually Renter's Insurance Cost: $300 annual...
What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><u...
Utilities Electricity: $1,500 Water: $600 Phone: $720 $60/mo. 550 shared minutes (2 lines) Unlimited nights/weekends Unlim...
What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><u...
Health Care <ul><li>Raya Gazae </li></ul><ul><li>$732 annually </li></ul><ul><li>$61/month/person </li></ul><ul><li>PPO- O...
What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><u...
Transportation <ul><li>Use of Bay Area Rapid Transit (BART) $5/day, 5 days/week </li></ul><ul><li>$1,300 per person </li><...
What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><u...
Food Raya Gazae: $9,125 $15 brunch, $10 dinner Sukie Fontaine: $9,125 $15 brunch, $10 dinner
What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><u...
Extracurricular Activities <ul><li>Raya Gazae </li></ul><ul><li>Clothes: $5,100 </li></ul><ul><li>Hair Products/ Makeup: $...
What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>$0.00 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>$0.00 <...
Conclusion/ Summary <ul><li>Learned: </li></ul><ul><ul><li>Taxes are EXPENSIVE </li></ul></ul><ul><ul><li>FOOD is expensiv...
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Budgeting finalfortoday

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Budgeting finalfortoday

  1. 1. Budgeting <ul><li>Raya Gazae & Sukie Fontaine </li></ul>Stephanie Chen & Irene Lee Per. 5
  2. 2. Overview <ul><li>SUKIE FONTAINE </li></ul><ul><li>Occupation: Artist Manager </li></ul><ul><li>Initial Income: $45,000.00 </li></ul><ul><li>Total Taxes: $12,241.50 </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>Occupation: Interior Designer </li></ul><ul><li>Initial Income: $60,000.00 </li></ul><ul><li>Total Taxes: $18,970.00 </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$41,030.00 </li></ul>Place of Residence: San Francisco, CA
  3. 3. Taxes, Taxes, Taxes. <ul><li>MS. GAZAE, you owe: </li></ul><ul><li>Federal Income Tax: $8,850 </li></ul><ul><li>FICA (7.65% of gross income): $4,590 </li></ul><ul><li>CA State Income Tax: $5,580 </li></ul><ul><li>MS. FONTAINE, you owe: </li></ul><ul><li>Federal Income Tax: $5,100 </li></ul><ul><li>FICA (7.65% of gross income): $3442.50 </li></ul><ul><li>CA State Income Tax: $3,600 </li></ul>
  4. 4. Saving <ul><li>4% of adjusted income Sukie Fontaine (Total Savings: $1,800) </li></ul><ul><li>$1,200 Savings account at American Express </li></ul><ul><li>$600 Checking account at American Express </li></ul><ul><li>1.15% APY </li></ul><ul><li>Raya Gazae (Total Savings: $2,400) </li></ul><ul><li>$1,900 Savings account at American Express </li></ul><ul><li>$500 Checking account at American Express </li></ul><ul><li>1.15% APY </li></ul>
  5. 5. What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.5 </li></ul><ul><li>- 1,800.00 </li></ul><ul><li>$31,057.50 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$41,030.00 </li></ul><ul><li>- 2,400.00 </li></ul><ul><li>$38,630.00 </li></ul>
  6. 6. Housing Information 1,259 square feet Apartment (12th Floor) 1 car parking space 2 bathrooms 2 bedrooms 2 baths Unparalleled View of the Golden Gate Bridge
  7. 7. Housing: Costs Costs Lease Term: 1 Year Deposit: $1,200 Living Cost: $27,600 annually Renter's Insurance Cost: $300 annually Total for the first year: $29,100
  8. 8. What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><ul><li>- 1,800.00 </li></ul><ul><li>$31,057.50 </li></ul><ul><li>- 14,550.00 $16,557.50 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>Disposable Income: </li></ul><ul><li> $41,030.00 </li></ul><ul><li>- 2,400.00 </li></ul><ul><li>$38,630.00 </li></ul><ul><li>- 14,550.00 </li></ul><ul><li>$24,130.00 </li></ul>
  9. 9. Utilities Electricity: $1,500 Water: $600 Phone: $720 $60/mo. 550 shared minutes (2 lines) Unlimited nights/weekends Unlimited mobile/mobile Free Wifi throughout the whole building Total: $2,820 for 1 year
  10. 10. What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><ul><li>- 1,800.00 </li></ul><ul><li>$31,057.50 </li></ul><ul><li>- 14,500.00 </li></ul><ul><li>$16,557.50 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$15,147.50 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$41,030.00 </li></ul><ul><li>- 2,400.00 </li></ul><ul><li>$38,630.00 </li></ul><ul><li>- 14,500.00 </li></ul><ul><li>$24,130.00 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$22,720.00 </li></ul>
  11. 11. Health Care <ul><li>Raya Gazae </li></ul><ul><li>$732 annually </li></ul><ul><li>$61/month/person </li></ul><ul><li>PPO- Optimum Advantage HSA NG </li></ul><ul><li>$4,500 deductible annually </li></ul><ul><li>0% coinsurance after deduction </li></ul><ul><li>Individual Coverage </li></ul><ul><li>Sukie Fontaine </li></ul><ul><li>$732 annually </li></ul><ul><li>$61/month/person </li></ul><ul><li>PPO- Optimum Advantage HSA NG </li></ul><ul><li>$4,500 deductible annually </li></ul><ul><li>0% coinsurance after deduction </li></ul><ul><li>Individual Coverage </li></ul>
  12. 12. What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><ul><li>- 1,800.00 </li></ul><ul><li>$31,057.50 </li></ul><ul><li>- 14,550.00 </li></ul><ul><li>$16,507.50 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$15,097.50 </li></ul><ul><li>- 732.00 </li></ul><ul><li>$14,365.50 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$41,030.00 </li></ul><ul><li>- 2,400.00 </li></ul><ul><li>$38,630.00 </li></ul><ul><li>- 14,550.00 </li></ul><ul><li>$24,080.00 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$22,670.00 </li></ul><ul><li>- 732.00 </li></ul><ul><li>$21,938.00 </li></ul>
  13. 13. Transportation <ul><li>Use of Bay Area Rapid Transit (BART) $5/day, 5 days/week </li></ul><ul><li>$1,300 per person </li></ul>
  14. 14. What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><ul><li>- 1,800.00 </li></ul><ul><li>$31,057.50 </li></ul><ul><li>- 14,550.00 </li></ul><ul><li>$16,507.50 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$15,097.50 </li></ul><ul><li>- 732.00 </li></ul><ul><li>$ 14,365.50 </li></ul><ul><li>- 1300.00 </li></ul><ul><li>$13,065.50 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$41,030.00 </li></ul><ul><li>- 2,400.00 </li></ul><ul><li>$38,630.00 </li></ul><ul><li>- 14,550.00 </li></ul><ul><li>$24,080.00 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$22,670.00 </li></ul><ul><li>- 732.00 </li></ul><ul><li>$21,938.00 </li></ul><ul><li>- 1,300.00 </li></ul><ul><li>$20,638.00 </li></ul>
  15. 15. Food Raya Gazae: $9,125 $15 brunch, $10 dinner Sukie Fontaine: $9,125 $15 brunch, $10 dinner
  16. 16. What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$32,857.50 </li></ul><ul><li>- 1,800.00 </li></ul><ul><li>$31,057.50 </li></ul><ul><li>- 14,550.00 </li></ul><ul><li>$16,507.50 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$15,097.50 </li></ul><ul><li>- 732.00 </li></ul><ul><li>$14,365.50 </li></ul><ul><li>- 1300.00 </li></ul><ul><li>$13,065.50 </li></ul><ul><li>- 9,125.00 </li></ul><ul><li>$3,940.50 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>Disposable Income: </li></ul><ul><li>$41,030.00 </li></ul><ul><li>- 2,400.00 </li></ul><ul><li>$38,630.00 </li></ul><ul><li>- 14,550.00 </li></ul><ul><li>$24,080.00 </li></ul><ul><li>- 1,410.00 </li></ul><ul><li>$22,670.00 </li></ul><ul><li>- 732.00 </li></ul><ul><li>$21,938.00 </li></ul><ul><li>- 1,300.00 </li></ul><ul><li>$20,638.00 </li></ul><ul><li>- 9,125.00 </li></ul><ul><li>$11,513.00 </li></ul>
  17. 17. Extracurricular Activities <ul><li>Raya Gazae </li></ul><ul><li>Clothes: $5,100 </li></ul><ul><li>Hair Products/ Makeup: $463 </li></ul><ul><li>Furniture: $2,000 </li></ul><ul><li>Presents for Sukie Fontaine: $3,000 </li></ul><ul><li>Gadgets (new phones, ipods, etc.):$1,000 </li></ul><ul><li>TOTAL SPENT: $11,563.00 </li></ul>Sukie Fontaine Clothes: $3,344.50 Netflix Membership: $96 Coachella: $500 TOTAL SPENT: $3,940.50
  18. 18. What Do I Have Left? <ul><li>SUKIE FONTAINE </li></ul><ul><li>$0.00 </li></ul><ul><li>RAYA GAZAE </li></ul><ul><li>$0.00 </li></ul>
  19. 19. Conclusion/ Summary <ul><li>Learned: </li></ul><ul><ul><li>Taxes are EXPENSIVE </li></ul></ul><ul><ul><li>FOOD is expensive </li></ul></ul><ul><ul><li>Transportation </li></ul></ul><ul><ul><li>Renting costs </li></ul></ul><ul><ul><ul><li>Worth it? </li></ul></ul></ul><ul><ul><li>Utilities </li></ul></ul><ul><ul><ul><li>Prices differ depending on location </li></ul></ul></ul><ul><ul><li>Traveling costs more than you think. </li></ul></ul>
  20. 20. Thanks for watching!!

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