Amy Bui Connie Oh

1. BOSTON AND SAN
DIEGO
By: Amy Bui & Connie Oh

2. Taxes and Income
Boston San Diego
 PI- $48000  Income: $48000
 TI- $38500  Taxable Income: $38500
 Fed. Inc. Tax- $5744  Federal Income Tax:
 State- 5.3% of 38500= $5744
$2041  State Income Tax: 8%
 FICA (SST)- 4.2% of $3080
38500= $1617  FICA (Social Security):
 Medicare- 1.45% of 4.2% $1617
38500= $558.25  Medicare: 1.45% $558.25
 DI- $38039.75  Disposable Income:
$37,000.75/year

3. Savings and Healthcare
Boston San Diego
 Saving: 10%  Saving: 10%
$3803.98/year $3700.08/year
 Healthcare: Blue
Cross Blue Shield of  Healthcare: Blue
Massachusetts Shield of California,
 Monthly Premium: PPO, $91/month. Rx
$249.13 and HAS included.
 Annual Deductible: $3,500 deductible.
$2,000 $1,092/year

4. Student Loans
 Loan Balance: $22,000.00
 Adjusted Loan Balance: $22,000.00
 Loan Interest Rate: 3.50%
 Loan Fees: 0.00%
 Loan Term:10 years
 Minimum Payment: $50.00
 Monthly Loan Payment: $217.55
 Number of Payments: 120
 Cumulative Payments: $26,105.84
 Total Interest Paid: $4,105.84

5. Housing: Boston
 Lynnway Zipcode: 01902
 Studio Apartment: One
Bathroom, Separate
Kitchen from
Bedroom, Sq. Ft: 800
 Rent: $850 per month
 Lease Term:
minimum1year+
 Security Deposit: $850
 Insurance: $15 a month
for $30,000 worth of
property coverage and
$100,000 worth of liability

6. Housing: San Diego
 Cedar shore
apartments zipcode:
92109
 Rent. $910/month,
400sq ft. Studio, 1
bath. $10,920/year
 Renter Insurance:
Progressive.
$13.26/month,
$159.12/year

7. Utilities and Food
Boston San Diego
 Internet: $20.00/month  Internet: AT&T
 Electricity: $50- $14.95/month
100/month depending
on season  Electricity:
 Water and heat below $20/month
20 degrees included in  Gas: $15/month
rent
 Gas: $15-160/month  Water: $30/month
depending on season  Cell Phone:
 Cell Phone: $40/month $40/month
 Food: $300/month
 Food: $400/month

8. Transportation: Boston
 Car
 1995 Mustang GT
 Down Payment:
$2000
 Auto Loan: $1200
 Monthly Loan
Payment: $22.10
 Boston average gas
price per gallon:
$3.59
 Auto Insurance
Progressive: $1173/
6 months

9. Transportation: San Diego
 Car
 2003 Volkswagen Jetta
 $3,999.
 $2000 down payment
 $35.98/month
$431.79/year
 Auto insurance:
$2,871.6/yr
 Gas price: $4.47/gallon
 16 gal/month.
$858.24/year

10. Recreation
Boston San Diego
 $6,000 for shopping  $8,117.92 for
and unplanned shopping, guitar,
adventures surfing, and
unplanned
adventures.

11. Total Costs
Boston San Diego
 DI- $38039.75/year  DI: $37,000.75/year
 Savings: $3803.98/year  Savings: $3700.08/year
 Healthcare:  Healthcare:
$2989.56/year $1,092/year
 Student Loans:
$2610.60/year  Student Loans:
$2610.60/year
 Housing: $10380/year
 Utilities: $1460/year  Housing:
$11079.12/year
 Food: $3600/year
 Transportation:  Utilities: $1439.40/year
$3300.48/year  Food: $4800/year
 Transportation: