Des Moines, IA<br />Mike Dahl<br />Allie Boyd<br />
Initial Income<br />Allie<br />Occupation: <br />	Marine Biologist<br />Initial Income: $45,000<br />Disposable Income: $3...
Taxable Income: 		$35,650
Federal Income Tax: 	-$5,100
FICA: 			-$2,727.23
State Income Tax: 	-$2,424.20
Disposable Income:	$34,748.57</li></li></ul><li>Savings<br />Allie and Michael<br />Disposable Income: $34,748.57<br />10%...
Housing<br />The Springs at Jordan Creek<br />8655 Bridgewood Boulevard<br />West Des Moines, CA 50266<br />(13.4 miles fr...
Annual Rent: $13,488
Lease Term: 1 year
Deposit: $100
Annual Renter's Insurance Cost: $256</li></li></ul><li>Housing Expenses<br />Allie and Michael<br />Budget: 			$31,253.71<...
Healthcare<br />UnitedHealthOne: Plan 100<br />Monthly Cost: $97.58<br />Annual Cost: $1,170.96<br />Annual Deductible: $2...
Healthcare Expenses<br />Allie and Michael<br />Budget: 			$24,331.71<br />Cost: 				-$1,170.96<br />Deductible: 		-$2,500...
Transportation<br /><ul><li>Down Payment: $2,000
Car Payment: 5 years
APR: 4.0%
Sales Tax: 6.0%
Gas: $3.54 per gallon</li></ul>Allie: 2011 Volkswagen Jetta<br />Price: $16,988<br />Monthly Payments: $294.79<br />Insura...
Monthly Payments: $295.01
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Des moines, ia

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Des moines, ia

  1. 1. Des Moines, IA<br />Mike Dahl<br />Allie Boyd<br />
  2. 2. Initial Income<br />Allie<br />Occupation: <br /> Marine Biologist<br />Initial Income: $45,000<br />Disposable Income: $34,748.57<br />‍Michael<br /><ul><li>Occupation: </li></ul>Computer Engineer<br /><ul><li>Initial Income: </li></ul>$45,000<br /><ul><li>Disposable Income: $34,748.57</li></li></ul><li>Taxation<br />Allie<br />Initial Income: $45,000<br />Taxable Income: $35,650<br />Federal Income Tax: -$5,100<br />FICA: -$2,727.23<br />State Income Tax: -$2,424.20<br />Disposable Income: $34,748.57<br />Michael<br /><ul><li>Initial Income: $45,000
  3. 3. Taxable Income: $35,650
  4. 4. Federal Income Tax: -$5,100
  5. 5. FICA: -$2,727.23
  6. 6. State Income Tax: -$2,424.20
  7. 7. Disposable Income: $34,748.57</li></li></ul><li>Savings<br />Allie and Michael<br />Disposable Income: $34,748.57<br />10% Savings: $3,474.86<br />Monthly Savings: $289.58<br />Savings Account with Bank of America: $3,474.86<br />APY: 0.05%<br />Interest Rate: 0.05%<br />Budget: $31,253.71<br />
  8. 8. Housing<br />The Springs at Jordan Creek<br />8655 Bridgewood Boulevard<br />West Des Moines, CA 50266<br />(13.4 miles from Des Moines)<br />1,168 square feet<br />2nd Floor Town Home Apartment<br />2 Bedrooms<br />2 Full Bathrooms<br />Fully Furnished<br />Garage<br />Fitness Center<br />Swimming Pool<br /><ul><li>Monthly Rent: $1,124
  9. 9. Annual Rent: $13,488
  10. 10. Lease Term: 1 year
  11. 11. Deposit: $100
  12. 12. Annual Renter's Insurance Cost: $256</li></li></ul><li>Housing Expenses<br />Allie and Michael<br />Budget: $31,253.71<br />Deposit: -$50<br />Rent: -$6,744<br />Renter's Insurance: -$128<br />Remaining Budget: $24,331.71<br />
  13. 13. Healthcare<br />UnitedHealthOne: Plan 100<br />Monthly Cost: $97.58<br />Annual Cost: $1,170.96<br />Annual Deductible: $2,500<br />No Co-Pays<br />Out of Network Coverage<br />
  14. 14. Healthcare Expenses<br />Allie and Michael<br />Budget: $24,331.71<br />Cost: -$1,170.96<br />Deductible: -$2,500<br />Remaining Budget: $20,660.75<br />
  15. 15. Transportation<br /><ul><li>Down Payment: $2,000
  16. 16. Car Payment: 5 years
  17. 17. APR: 4.0%
  18. 18. Sales Tax: 6.0%
  19. 19. Gas: $3.54 per gallon</li></ul>Allie: 2011 Volkswagen Jetta<br />Price: $16,988<br />Monthly Payments: $294.79<br />Insurance Costs: $844<br />Registration: $96.94<br />Average Mileage per Year: 12,000 miles<br />Average Mile per Gallon: 30 miles<br />Michael: 2009 Toyota Carolla<br /><ul><li>Price: $16,999
  20. 20. Monthly Payments: $295.01
  21. 21. Insurance Costs: $1,312
  22. 22. Registration: $138.70
  23. 23. Average Mileage per Year: 14,000 miles
  24. 24. Average Mile per Gallon: 35 miles</li></li></ul><li>Transportation Expenses<br />Michael<br /><ul><li>Budget: $20,660.75
  25. 25. Down Payment: -$2,000
  26. 26. 12 Month Payment: -$3,540.12
  27. 27. Insurance: -$1,312
  28. 28. Registration: -$138.70
  29. 29. Gas: -$1,416
  30. 30. Remaining Budget: $12,253.93</li></ul>Allie<br />Budget: $20,660.75<br />Down Payment: -$2,000<br />12 Month Payment: -$3,537.48<br />Insurance: -$844<br />Registration: -$96.94<br />Gas: -$1,416<br />Remaining Budget: $12,766.33<br />
  31. 31. Utilities<br />Monthly Rates:<br />Water (Des Moines Water Works): $43.69<br />Internet/Cable/Phone Package (Qwest): $94.94<br />Gas (MidAmerican): $55<br />Electricity (Alliant): $99<br />
  32. 32. Utility Expenses<br />Allie<br />Budget: $12,766.33<br />Water: -$262.14<br />Package: -$569.64<br />Gas: -$330<br />Electricity: -$594<br />Remaining Budget: $11,010.55<br />Michael<br /><ul><li>Budget: -$12,253.93
  33. 33. Water: -$262.14
  34. 34. Package: -$569.64
  35. 35. Gas: -$330
  36. 36. Electricity: -$594
  37. 37. Remaining Budget: $10,498.15</li></li></ul><li>Food<br />Allie<br />Daily Eating Out: $10<br />Weekly Groceries: $70<br />Monthly: $600<br />Michael<br /><ul><li>Daily Eating Out: $15
  38. 38. Weekly Groceries: $70
  39. 39. Monthly: $750</li></li></ul><li>Food Expenses<br />Allie<br />Budget: $11,010.55<br />Food: -$7,200<br />Remaining: $3,810.55<br />Michael<br /><ul><li>Budget: $10,498.15
  40. 40. Food: -$9,000
  41. 41. Remaining: $1,498.15</li></li></ul><li>Extracurricular Activities<br />Allie<br />Gym: Free (included with Apartment Complex)<br />Clothing: $2,000<br />Pool: Free (included with Apartment Complex)<br />Netflix: $7.99 /Month<br />Traveling: $1,000<br />Michael<br />Gym: Free (included with Apartment Complex)<br />Clothing: $500<br />Pool: Free (included with Apartment Complex)<br />Netflix: $7.99 /Month<br />XBOX 360: $299.99<br />Golf (Toad Valley): $143<br />
  42. 42. Extracurricular Activity Expenses<br />Allie<br />Budget: $3,810.55<br />Clothing: -$2,000<br />Netflix: -$47.94<br />Traveling: -$1,000<br />Remaining Budget: $762.21<br />Michael<br /><ul><li>Budget: $1,498.15
  43. 43. Clothing: -$500
  44. 44. Netflix: -$47.94
  45. 45. XBOX 360: -$299.99
  46. 46. Golf: -$143
  47. 47. Remaining Budget: $507.22</li></li></ul><li>Bibliography<br />"The 2011 Statistical Abstract: Food Cost and Prices." Census Bureau Home Page. U.S. Census Bureau, 20 Jan. 2011. Web. 07 June 2011. <http://www.census.gov/compendia/statab/cats/prices/food_cost_and_prices.ht ml>.<br />"Alliant Energy : Rate Information." Alliant Energy : Home. 2011. Web. 07 June 2011. <http://www.alliantenergy.com/Newsroom/IntheNews/UtilityRateCases/IowaEle ctricRates/023177>.<br />Andersen, Ty. "Toad Valley Public Golf Course | Toad Valley Golf Course." Golf | Golf Courses & Travel | Tips, Lessons & More | GolfLink. Golf Link, 2011. Web. 07 June 2011. <http://www.golflink.com/golf-courses/course.aspx?course=299745>.<br />Apartment Guide. "Springs at Jordan Creek Apartments West Des Moines, IA - Apartments for Rent in West Des Moines Iowa." Apartments for Rent and Rentals - Free Apartment Finder | ApartmentGuide.com. Primedia Rentals, 2011. Web. 07 June 2011. <http://www.apartmentguide.com/apartments/Iowa/West-Des- Moines/Springs-at-Jordan-Creek/167986/>.<br />Assurant. "Spring Apartment Renter's Insurance." If You Can See This Page, Check Your URL and Try Again. 2011. Web. 07 June 2011. <https://w2.assurant.com/ari/rentersinsurance/accountId/CPC/jobNumber/2774 67/B/eprod/7290739/quote.html>.<br />
  48. 48. "Average Annual Miles per Driver by Age Group." Home | Federal Highway Administration. U.S. Department of Transportation, 04 Apr. 2011. Web. 07 June 2011. <http://www.fhwa.dot.gov/ohim/onh00/bar8.htm>.<br />Bank of America. "Open a Regular Savings Account." Bankofamerica.com. FDIC, 2011. Web. 7 June 2011.<br />"Des Moines Water Works - Rates." Des Moines Water Works. American Water Works Association, 2011. Web. 07 June 2011. <http://www.dmww.com/SubPageHTML.aspx?SubPageID=32>.<br />Gas Buddy. "Iowa Gas Prices - Find Cheap Gas Prices in Iowa." DEX, 2011. Web. 07 June 2011. <http://iowastategasprices.com/GasPriceSearch.aspx>.<br />Granger Motors. "2011 Volkswagen Jetta." New & Used Cars for Sale, Auto Dealers, Car Reviews and Car Finance Advice. Cars.com. Web. 07 June 2011. <http://www.cars.com>.<br />"Insurance Quote." EHealthInsurance.com. EHealthInsurance Services, Inc., 2011. Web. 7 June 2011. <https://www.ehealthinsurance.com/ehi/ifp/plan- details?planKey=5006:107016&productLine=IFP&ifpUIState.planDetailsBackUrl=/ifp/help-me-choose>.<br />"Iowa Income Tax Rates - Iowa & Other State Tax Rates Information. IA Tax Calculator." Salary.com. 24 Nov. 2010. Web. 07 June 2011. <http://swz.salary.com/salarywizard/layouthtmls/swzl_statetaxrate_ia.h tml>.<br />
  49. 49. MidAmerican Energy Holdings Company. "Electric and Gas Rates: Iowa West." MidAmerican Energy Company. Feb. 2011. Web. 07 June 2011. <http://www.midamericanenergy.com/econdevEGRates.aspx?id=iwg>.<br />"New Membership." Netflix.com. Netflix, Inc., 2011. Web. 7 June 2011. <http://movies.netflix.com/WiHome>.<br />Progressive. "Car Quotes." Car Insurance: Auto Insurance & Online Insurance Quotes - Progressive. Auto Insurance 5. Web. 07 June 2011. <https://autoinsurance5.progressivedirect.com/AutoDisplayPage.aspx>.<br />"Session Timeout." Connect and Save on Your Utilities at WhiteFence | Home Phone | Cable TV | High-Speed Internet | Electricity. White Fence, 07 June 2011. Web. 07 June 2011. <https://www.whitefence.com/WebObjects/WhiteFence.woa/wa/topOff ersResults?eID=1057545>.<br />Social Security Online. "FICA & SECA Tax Rates." The United States Social Security Administration. Usa.gov, 29 Dec. 2010. Web. 07 June 2011. <http://www.ssa.gov/oact/progdata/taxRates.html>.<br />"State Sales Tax Rates." Careers, Finance and Investing : Money-zine.com. Winter 2011. Web. 07 June 2011. <http://www.money- zine.com/Financial-Planning/Tax-Shelter/State-Sales-Tax-Rates/>.<br />"TIME-21 - Iowa DOT." Iowa Department of Transportation. 01 Jan. 2009. Web. 07 June 2011. <http://www.iowadot.gov/time21/vehicle_reg.html>.<br />
  50. 50. Toyota of Des Moines. "2009 Toyota Carolla LE." New & Used Cars for Sale, Auto Dealers, Car Reviews and Car Finance Advice. Cars.com. Web. 07 June 2011. <http://www.cars.com>.<br />Xbox. "Xbox 360 Consoles - Xbox.com." Xbox 360 - Official Site - Xbox.com. 2011. Web. 07 June 2011. <http://www.xbox.com/en- US/xbox360/consoles?xr=shellnav>.<br />
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