Living in			San Diego, CA<br />By:<br />Connie Tang  &<br />Kenji Sumikawa<br />
Taxes<br />Kenji:<br />Income: $55,000<br />Tax: $7,600<br />State Tax: $2,510<br />Social Security & Health Tax (7.65%): ...
Saving<br />Kenji’s Saving:<br />	$1449.47<br />Connie’s Saving:<br />	$550.75<br />Invest in Chase Savings Account<br />M...
Minimum Initial Deposit: $25
Interest Rate: 0.35%
APY: 0.35%
Min. to earn APY: $5000
Transaction Fees: $12/ transaction over limit of 6 per month.</li></li></ul><li>Housing: Tierrasanta Ridge Appartment<br /...
Healthcare<br />Connie:<br />Blue Shield of California<br />Plan: Vital Shield 900<br />Monthly Premium: $97/ month<br />P...
Plan: Vital Shield 900
Monthly Premium: $97/ month
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Econ project

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Econ project

  1. 1. Living in San Diego, CA<br />By:<br />Connie Tang &<br />Kenji Sumikawa<br />
  2. 2. Taxes<br />Kenji:<br />Income: $55,000<br />Tax: $7,600<br />State Tax: $2,510<br />Social Security & Health Tax (7.65%): $4,207.50<br />+___________________<br /> Total: $14,317.50<br />Disposable Income:<br /> $55,000-$14,317.50 =<br /> $40,682.50<br />Connie:<br />Income: $40,000<br />Tax: $4,183<br />State Tax: $1,228<br />Social Security & Health Tax (7.65%): $3,060<br />+___________________<br /> Total: $8,471<br />Disposable Income: <br />$40,000 - $8,471 = <br />$31,529<br />
  3. 3. Saving<br />Kenji’s Saving:<br /> $1449.47<br />Connie’s Saving:<br /> $550.75<br />Invest in Chase Savings Account<br />Minimum Initial Deposit: $25<br />Interest Rate: 0.35%<br />APY: 0.35%<br />Min. to earn APY: $5000<br />Transaction Fees: $12/ transaction over limit of 6per month.<br /><ul><li>Invest in Chase Savings Account
  4. 4. Minimum Initial Deposit: $25
  5. 5. Interest Rate: 0.35%
  6. 6. APY: 0.35%
  7. 7. Min. to earn APY: $5000
  8. 8. Transaction Fees: $12/ transaction over limit of 6 per month.</li></li></ul><li>Housing: Tierrasanta Ridge Appartment<br />Address: 5410 Repecho Drive 92124<br />Square Ft: 810<br />Deposit: $400 <br />$200 per person<br />Monthly Rent: $1375<br />$687.50 per person<br />Renter’s insurance: $244 per year<br />$10.17 per month per person<br />
  9. 9. Healthcare<br />Connie:<br />Blue Shield of California<br />Plan: Vital Shield 900<br />Monthly Premium: $97/ month<br />Plan type: PPO<br />Deductible: $900<br />Out of pocket maximum: $4900<br />Office visits: $40 for first visit per year, then $0 after out-of-pocket maximum<br />Preventive care exams: 0$<br />Hospitalization: 40% after deductible<br />Lab & x-ray: $0 after out of pocket maximum<br />Emergency room $100 per visit + 40% after deductible<br />Prescriptions: Generic only<br />Dental: Available<br />Life: Available<br />Kenji:<br /><ul><li>Blue Shield of California
  10. 10. Plan: Vital Shield 900
  11. 11. Monthly Premium: $97/ month
  12. 12. Plan type: PPO
  13. 13. Deductible: $900
  14. 14. Out of pocket maximum: $4900
  15. 15. Office visits: $40 for first visit per year, then $0 after out-of-pocket maximum
  16. 16. Preventive care exams: 0$
  17. 17. Hospitalization: 40% after deductible
  18. 18. Lab & x-ray: $0 after out of pocket maximum
  19. 19. Emergency room $100 per visit + 40% after deductible
  20. 20. Prescriptions: Generic only
  21. 21. Dental: Available
  22. 22. Life: Available</li></li></ul><li>Transportation<br />Kenji’s Honda Civic<br />Sales Price: $24,050<br />Down Payment: $2000<br />Interest: 4.00%<br />Loan Term: 60 months<br />Sales Tax: $0<br />Total Paid for Loan: <br />$24,365.06<br />Monthly Payment: $406.08<br />Car details<br />Mileage: 44 mpg city/ 44mpg hwy<br />Fuel cost: $4.00 per gallon<br />Approx. : <br />Connie’s Toyota Yaris<br />Sales Price: $13455<br />Down Payment $2000<br />Interest rate: 4.00%<br />Loan Term: 60 months<br />Sales Tax: $1300<br />Total Paid for Loan: $13958<br />Monthly Payment: $232<br />Car details<br />Mileage: 29 mpg city/ 36 mpg hwy<br />Fuel cost: $4.00 per gallon<br />Approx. : $110 / month on gas<br />
  23. 23. Utilities<br />Connie and Kenji:<br />Cell Phone Plan: T-mobile “Even More™ Ultd Talk + Ultd Text” : $59.99/ month<br />All of our utilities are covered in the apartment rent<br />Includes gas, water, waste disposal, internet, cable, electricity. <br />
  24. 24. Average Cost of Utilities In San Diego<br />Gas & Electric: $100 per month <br />Water, Sewer & Trash Collection: $60 per month<br />Most Basic Cable Plan: $20 per month<br />Most Basic Internet: <br /> $34.99 per month<br />Most Basic Phone:<br /> $14.99 per month<br />(U.S. and Canada Long Distance: add 5 cents per minute calls)<br />
  25. 25. Food<br />Each person:<br />Spend approx: $120/ week<br />$480 per month <br />Shop:<br /> -Trader Joes<br /> -Mitsuwa Supermarket<br /> -Vons <br />
  26. 26. Extracurricular Activities<br />
  27. 27. Work Cited<br />"Apartments for Rent in San Diego California - Availability - Tierrasanta Ridge." San Diego California Apartments - Home - Tierrasanta Ridge. Web. 08 June 2011. <http://www.tierrasantaridge.com/2>.<br />"Best Savings Account Rates | Money-Rates.com." Bank Rates | Savings Account Rates | Highest CD Rates. Web. 08 June 2011. <http://www.money-rates.com/savings.htm#fill-table>.<br />Blue Shield of California. Web. 08 June 2011. <https://www.blueshieldca.com/>.<br />Cell Phones| 4G Cell Phone Plans |Android Tablet PCs| T-Mobile. Web. 08 June 2011. <http://www.t-mobile.com/>.<br />"Expert Newswire." Home Page. Web. 08 June 2011. <http://www.payrollexperts.com/BlogRetrieve.aspx?BlogID=3486>.<br />Franchise Tax Board Homepage. Web. 08 June 2011. <http://www.ftb.ca.gov/index.shtml?disabled=true>.<br />New Car Pictures, Prices and Reviews - Yahoo! Autos. Web. 08 June 2011. <http://autos.yahoo.com/>.<br />"Residential Phone Plans Overview Serving San Diego | Cox Communications." Welcome - Please Select Your Service Area | Cox Communications. Web. 08 June 2011. <http://ww2.cox.com/residential/sandiego/phone/phone-plans.cox>.<br />"San Diego Cost of Living - Information about the Cost of Living in San Diego." San Diego Real Estate, Carlsbad Real Estate, Listings, Relocation and Foreclosures. Web. 08 June 2011. <http://www.realestatelibrary.com/costofliving.html>.<br />"San Diego Renters Insurance - Cheap Renters Insurance Quotes in San Diego." Renters Insurance - Compare Cheap Renters Insurance Quotes. Web. 08 June 2011. <http://www.rentersinsurance.net/san-diego.html>.<br />

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