Los angeles, Ca<br />Sayaka Yoshikawa and Vivian Lu<br />
Location<br />Los Angeles, CA<br />
Background Information<br />Sayaka Yoshikawa<br /><ul><li>Occupation: Flight Attendant
Initial Income: $45,000
FICA: $2,542.50
Social Security: 4.2%
Medicare: 1.45%
Post-Tax: $37,562
Total Net Income: $35,019.50</li></ul>Vivian Lu<br />Occupation: Pilot<br />Initial Income: $45,000<br />FICA: $2,542.50<b...
Medicare: 1.45%</li></ul>Post-Tax: $37,562<br />Total Net Income: $35,019.50<br />
Basic Supplies<br />Sayaka Yoshikawa<br /><ul><li>Food: $7,000
Household Furniture: $1,755
Household Supplies: $500
Computer: $999</li></ul>Total: $10,254Remaining Income:$24,765.5<br />Vivian Lu<br />Food: $7,000<br />Household Furniture...
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Ap econ project los angeles, ca

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Ap econ project los angeles, ca

  1. 1. Los angeles, Ca<br />Sayaka Yoshikawa and Vivian Lu<br />
  2. 2. Location<br />Los Angeles, CA<br />
  3. 3. Background Information<br />Sayaka Yoshikawa<br /><ul><li>Occupation: Flight Attendant
  4. 4. Initial Income: $45,000
  5. 5. FICA: $2,542.50
  6. 6. Social Security: 4.2%
  7. 7. Medicare: 1.45%
  8. 8. Post-Tax: $37,562
  9. 9. Total Net Income: $35,019.50</li></ul>Vivian Lu<br />Occupation: Pilot<br />Initial Income: $45,000<br />FICA: $2,542.50<br /><ul><li>Social Security: 4.2%
  10. 10. Medicare: 1.45%</li></ul>Post-Tax: $37,562<br />Total Net Income: $35,019.50<br />
  11. 11. Basic Supplies<br />Sayaka Yoshikawa<br /><ul><li>Food: $7,000
  12. 12. Household Furniture: $1,755
  13. 13. Household Supplies: $500
  14. 14. Computer: $999</li></ul>Total: $10,254Remaining Income:$24,765.5<br />Vivian Lu<br />Food: $7,000<br />Household Furniture: $1,755<br />Household Supplies: $500<br />Computer: $999<br />Total: $10,254Remaining Income:$24,765.5 <br />
  15. 15. Extracurricular Activities<br />Vivian Lu<br />Clothes: $400 + $100 (pilot uniform repair)<br />Gym Membership: $0 (we ride bicycle and run every morning)<br />Movies: $32 (Costco discount tickets)<br />Travel, Vacation: $0 (we travel all the time for profession)<br />Books: $100<br />Total: $632Remaining Income: $24,133.5<br />Sayaka Yoshikawa<br /><ul><li>Clothes: $400 + $100 (flight attendant uniform repair)
  16. 16. Gym Membership: $0 (we ride bicycle and run every morning)
  17. 17. Movies: $32 (Costco discount tickets)
  18. 18. Travel, Vacation: $0 (we travel all the time for profession)
  19. 19. Books: $50</li></ul>Total: $582Remaining Income: $24,183.5<br />
  20. 20. Healthcare<br />Vivian Lu<br />Vital Shield 900<br />$1308 annually + $900 deductible = $2208 annually<br />$109 monthly per person<br />$900 deductible annually<br />40% of coinsurance for in work services<br />individual coverage<br />Total: $2208<br /> Remaining Income: $21,925.5<br />Sayaka Yoshikawa<br /><ul><li>ClearProtection Plus 1000
  21. 21. $1128 annually + $1000 deductible = $2128 annually
  22. 22. $94 monthly per person
  23. 23. $1000 deductible annually
  24. 24. 40% of call insurance for in work services
  25. 25. Individual coverage</li></ul>Total: $2128<br /> Remaining Income: $22,055.5<br />
  26. 26. Housing (Shared Cost)<br />Location:<br />3620 West 102nd Street Inglewood<br />Los Angeles<br />90303<br />Housing Cost:<br /><ul><li>Lease Term: 12 months
  27. 27. Rent: $1025
  28. 28. Size: 1000 Square Ft
  29. 29. Description of the House:
  30. 30. 2 bedrooms
  31. 31. 1.5 bathrooms
  32. 32. Cable and satellite ready
  33. 33. Carpeting
  34. 34. Ceiling fan
  35. 35. Garbage disposal
  36. 36. Community pool
  37. 37. Assigned parking lot
  38. 38. Community laundry room
  39. 39. Controlled access entry (gates and fences)</li></li></ul><li>Housing (Pictures)<br />SayakaRemaining Income: $21,543VivianRemaining Income: $21,413<br />
  40. 40. Taxation<br />See the 1040 EZ form embedded on our Wiki.<br />
  41. 41. Transportation<br />Vivian Lu<br />bicycle - Huffy 26-inch Ladies Cruiser Deluxe Bike (Rasberry)<br />$119.99 (from Target.com)<br />25 min to LAX (our work place)<br />Sayaka Yoshikawa<br /><ul><li>bicycle - Huffy 26-inch Ladies Cruiser Deluxe Bike (Rasberry)
  42. 42. $119.99 (from Target.com)
  43. 43. 25 min to LAX (our work place)</li></ul>During Weekends<br /><ul><li>Public Transportation (amtrak, public bus):
  44. 44. Vivian: $240
  45. 45. Sayaka: $240</li></ul>SayakaRemaining Income: $21,103.01VivianRemaining Income: $20,973.01<br />
  46. 46. Utilities<br />(calculated on an annual basis, shared cost)<br /><ul><li>Electricity: $964.20
  47. 47. Water: $585.00
  48. 48. Gas: $507.08
  49. 49. Internet: $460.80
  50. 50. Phone:
  51. 51. Vivian: T-mobile $719.88 (2-year plan)
  52. 52. “T-Mobile® my Touch™ 3G Slide – Black” (FREE)
  53. 53. Sayaka: Sprint $599.88 (2-year plan)
  54. 54. “Samsung Transform” ($49.99)</li></ul>SayakaRemaining Income: $19,194.6 VivianRemaining Income: $18,994.59<br />
  55. 55. Saving<br />Sayaka Yoshikawa<br /><ul><li>Bank of America
  56. 56. Monthly saving: $833.33
  57. 57. Saving account: $10,000
  58. 58. APY: (.45%)
  59. 59. Checking account: $9,194.60</li></ul>Vivian Lu<br /><ul><li>Bank of America
  60. 60. Monthly saving: $833.33
  61. 61. Saving account: $10,000
  62. 62. APY: (.45%)
  63. 63. Checking account: $8,994.59</li></ul>***Remaining Income from previous subtractions are all added to our bank.<br />
  64. 64. Conclusion<br /> 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.<br />
  65. 65. Works Cited<br /> Apartments for Rent & Homes for Rent - Rent.com® Apartment Finder. Viva Group, Inc., 2011. Web. 01 June 2011. <http://www.rent.com/account/myrent/view>.Bank of America | Home | Personal. Bank of America Corporation, 2011. Web. 07 June 2011. <https://www.bankofamerica.com/>.Cell Phones| 4G Cell Phone Plans |Android Tablet PCs| T-Mobile. T-Mobile USA, Inc, 2010. Web. 08 June 2011. <http://www.t-mobile.com/>.Cell Phones, Mobile Phones & Wireless Calling Plans from Sprint. Sprint, 2010. Web. 03 June 2011. <http://www.sprint.com/index_c.html>.Individual Health Insurance Quotes, Information and Advice. HealthCare.com Inc., 2009. Web. 02 June 2011. <http://www.healthcare.com/>."MacBook Air - The next Generation of MacBooks." Apple. Apple Inc., 2011. Web. 03 June 2011. <http://www.apple.com/macbookair/>."Social Security Update 2011." The United States Social Security Administration. USA.gov, 09 Feb. 2011. Web. 06 June 2011. <http://www.ssa.gov/pubs/10003.html>.Target.com - Furniture, Patio, Baby, Toys, Electronics, Video Games. The Bullseye Design and Bullseye Dog Are Trademarks of Target Brands, Inc., 2011. Web. 01 June 2011. <http://www.target.com/>.<br />

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