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Project Final

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Project Final

  1. 1. THE COST OF LIVING PROJECT Hera Maryam --- Erica McGale ATLANTA, Georgia
  2. 2. BASIC INFORMATION Hera Maryam  Gross Salary:  $50,000.00  Job:  Medical Assistant (Starting level position) Erica McGale  Gross Salary:  $45,000.00  Job:  Medical Lab Assistant (Starting level position)
  3. 3. TAXATION Hera Maryam  Dues:  Federal Income Tax from EZ1040: $6, 338.00  Social Security Withholdings with Medicare: $3,825.00  State Income Tax: $3,000  Disposable Income: $36,837.00 Erica McGale  Dues:  Federal Income Tax from EZ1040: $5,088.00  Social Security Withholdings with Medicare: $3,442.50  State Income Tax: $2,700.00  Disposable Income: $33,769.50
  4. 4. SAVINGS Hera Maryam  TOTAL Savings: $14,066.54 (28.13%)  Savings Account in CitiBank: $12,000.00  APY: .0525  Checking Account in CitiBank: $2,066.54 Erica McGale  TOTAL Savings: $10,439.00 (23.20%)  Savings Account in CitiBank: $9,000.00  APY: .0525  Checking Account in CitiBank: $1,439.04
  5. 5. HOUSING  Dunwoody Pointe 7901 Roswell Road Atlanta, GA 30350  2 beds, 2 bath  Rent: $707.00 (15 month lease)  Deposit: $250.00  Rental Insurance: $15.83 monthly  TOTAL Annual Cost Per Person: $4461.98
  6. 6. HEALTHCARE  UnitedHealthOne Insurance  Copay Select Plan for both Hera and Erica  Deductible: $7,500  Co-pays: $35.00  Coinsurance (% paid by insurance / % paid by insured): 80/20  Monthly Premium: $99.31  TOTAL Annually Per Person: $1191.72
  7. 7. TRANSPORTATION  MARTA Transit Bus Line  1 hour trip to downtown, 1 transfer.  Bus stop .2 miles away from apartment.  MARTA 30-Day Bus Pass for $68.00  Both Hera and Erica will take the bus (need Pass)  TOTAL Annually per Person: $816.00
  8. 8. UTILITIES  Cell phone (AT and T)  $30.00 monthly  Internet (CLEAR, 4G, Wireless)  $35.00 monthly  Netflix (Instant)  $8.00 monthly  Water  $60.00 per apartment  Electricity (Georgia Power)  $125.00 monthly  Gas (Georgia Natural Gas, Standard)  $40.46 monthly All costs will be shared between Hera and Erica TOTAL Annually Per Person: $1970.76
  9. 9. FOOD Hera Maryam  $165.00 per week  $120.00 groceries  $45.00 for eating out 2-3 times a week  $8,580.00 Annually Erica McGale  $165.00 per week  $120.00 groceries  $45.00 for eating out 2-3 times a week  $8,580.00 Annually
  10. 10. EXTRACURRICULAR ACTIVITIES Hera Maryam  Shopping for Self : $2,000.00  Furniture/Home: $750.00  Gifts: $500.00  Vacations: $1,500  Activities: $600.00  Books: $100.00  Other: $300.00 Erica McGale  Shopping for Self: $2,500.00  Furniture/Home: $750.00  Gifts: $500.00  Vacations: $1,500  Activities: $700.00  Books: $60.00  Other: $300.00
  11. 11. ANNUAL EXPENSES OVERVIEW Categories Erica McGale Hera Maryam Salary $45,000.00 $50,000.00 Taxes $11,230.50 $13,163.00 Housing $4,461.98 $4,461.98 Healthcare $1,191.72 $1,191.72 Transportation $816.00 $816.00 Utilities $1,970.76 $1,970.76 Food $8,589.00 $8,580.00 Activities $6,310.00 $5,750.00 Total Expenses $34,560.96 $35,933.46 Saving’s Account $9,000.00 $12,000.00 Checking Account $1,439.04 $2,066.54
  12. 12. WORKS CITED  "AT and T Cell Phone Plans." AT and T Wireless. Web. 6 June 2011. <http://www.wireless.att.com/cell-phone-service/cell-phone-plans/index.jsp>.  "CLEAR Home and On-the-go Internet Plans." CLEAR WIRELESS. 6 June 2011. Web. <http://www.clearwirelessinternet4g.com/>.  "Crime Rates for Atlanta, GA." Neighborhood Scout. Web. 2 June 2011. <http://www.neighborhoodscout.com/ga/atlanta/crime/>.  "Dunwoody Pointe." Rent.com. Web. 3 June 2011. <http://www.rent.com/rentals/georgia/atlanta-and- vicinity/atlanta/buckhead/dunwoody-pointe/332315/>.  "Fares and Discounts." MARTA-Metropolitan Atlanta Rapid Transit Authority. Web. 6 June 2011. <http://www.itsmarta.com/fares-passes.aspx#fare_table>.  "Georgia State Income Tax." Tax Rates. Web. 3 June 2011. <http://www.tax- rates.org/Georgia/income-tax/>.  "Health Insurance Quotes." UnitedHealth One. Web. 4 June 2011. <https://www.uhone.com/Quote/QuotePerson.aspx>.  "Netflix." Netflix. Web. 7 June 2011. <www.netflix.com>.  "Price Plans-New Customores." Georgia Natural Gas. Web. 6 June 2011. <http://www.onlygng.com/residential/priceplans_new.asp>.  "Rental Insurance Quotes." ERenter Plan. Web. 6 June 2011. <http://www.erenterplan.com/QUOTE/zip/30331.aspx>.  "Trust Fund Data." Social Security Online. Web. 2 June 2011. <http://www.ssa.gov/oact/progdata/taxRates.html>.
  13. 13. THE END

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