***Remaining Income from previous subtractions are all added to our bank.
Conclusion Among the things we learned through the project The Living Cost of Income are how to calculate our actual taxation based on income, the way to look for a house with an appropriate rent, an ability to consider and care about every possible detail, and more. We sometimes got confused and stuck, for this was our first time experiencing calculating the actual cost of living; however, we sought for help and finally completed the tasks. We also learned how to compromise our living standards and different living habits in order to virtually live together. We had difficulty figuring out the economic framework of our society, especially the system of taxation(1040EZ), but we are glad that we completed this project because now we know how to calculate and use 1040EZ and do not have to worry about it after graduating college.
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