Joe TeresiChristian Scott
General Information/1040 EZGross Income $60,000.00              Gross Income $55,000.00Federal Income Tax $8,850.00       ...
Housing  450 Madison Ave.New York City, NY 10022    1. 2 bedroom    2. 1 bath    3. 745 square feet $1,705.00 per month...
Remaining Income Joe Teresi          Christian ScottDisposable Income:   Disposable Income:  $38,182.20           $34,59...
Healthcare    Empire Blue Health    New York Program Standard program  without prescription drug:  $310.73/month $310.73...
Remaining Income Joe Teresi          Christian ScottDisposable Income:   Disposable Income:  $27,952.20           $24,36...
Transportation   Because of the good public    transportation in New York City    neither of us will own a car   We will...
Remaining Income Joe Teresi          Christian ScottDisposable Income:   Disposable Income:  $24,223.44           $20,64...
Food/Ect.   Amount spent on groceries    each week: $150.00   $75.00/week eating out of the    house   $150.00 per pers...
Remaining Income Joe Teresi          Christian ScottDisposable Income:   Disposable Income:  $22,481.44           $18,89...
ExtracurricularChristian Scott1.   $1,500.00 for clothes2.   $1,344.86 for a 15 month     membership to Crunch Gym3.   $50...
Remaining income Joe Teresi                Christian ScottDisposable Income-         Disposable Income-  $13,632.44     ...
SavingsOpen a high yield savings account with Ally Banks   1-1.00% APY   2-FDIC insured   3-No fees to open  Joe Teresi   ...
Utilities(all cost shared except cell phone) Water (shared cost)-$600 Electricity- $.139/kWh x  8,000kWh/year=$1,112 Ga...
Remaining IncomeJoe Teresi             Christian Scott Disposable Income-    Disposable Income-  $3,287.58              ...
Summary of CostsJoe Teresi                        Christian Scott Starting Income-                 Starting Income-   $6...
Works Cited"1040ez." IRS. U.S. Government. Web. 01 June 2011. <http://www.irs.gov/pub/irs-pdf/f1040ez.pdf>."Amazon.com: VI...
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New york city

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New york city

  1. 1. Joe TeresiChristian Scott
  2. 2. General Information/1040 EZGross Income $60,000.00 Gross Income $55,000.00Federal Income Tax $8,850.00 Federal Income Tax $7,600.00Social Security/ Medicare Tax Social Security/ Medicare Tax $3,390.00 $3,657.50New York City Tax $3,894.80 New York City Tax $3,430.05New York State Tax $5,083.00 New York State Tax $5,713.50Disposable Income $38,182.20 Disposable Income $34,598.95 http://www.slideshare.net/joet  http://www.slideshare.net/csco eresi/f1040ez tt3/1040ez-scott
  3. 3. Housing 450 Madison Ave.New York City, NY 10022 1. 2 bedroom 2. 1 bath 3. 745 square feet $1,705.00 per month $1,705.00 x 12= $20,460.00 per year
  4. 4. Remaining Income Joe Teresi  Christian ScottDisposable Income: Disposable Income: $38,182.20 $34,598.98Rent: $10,230.00 Rent: $10,230.00Remaining Income: Remaining Income: $27,952.20 $24,368.98
  5. 5. Healthcare Empire Blue Health New York Program Standard program without prescription drug: $310.73/month $310.73x12= $3,728.76/year
  6. 6. Remaining Income Joe Teresi  Christian ScottDisposable Income: Disposable Income: $27,952.20 $24,368.98Healthcare Cost: Healthcare Cost: $3,728.76 $3,728.76Remaining Income: Remaining Income: $24,223.44 $20,640.22
  7. 7. Transportation Because of the good public transportation in New York City neither of us will own a car We will both be saving anywhere from $5,000-$20,000 in car expenses We will be using an EasyPay Express Metro Card to buy tickets and pay for fares. A subway fare is $2.25 per ride and Express bus fare is $5.50 per ride. Using the subway to work and back will cost $4.50 a day, and on weekends we will need money to go wherever we need, about $5.00 $4.50x5=$22.5+$5x2= $33.50/week $33.50x52= $1742.00/year
  8. 8. Remaining Income Joe Teresi  Christian ScottDisposable Income: Disposable Income: $24,223.44 $20,640.22Cost of Cost of Transportation: Transportation:$1742.00 $1742.00Remaining Income: Remaining Income: $22,481.44 $18,898.22
  9. 9. Food/Ect. Amount spent on groceries each week: $150.00 $75.00/week eating out of the house $150.00 per person/week $150.00x52= $7,800/year VIZIO E420VO 20’ 1080p LCD HDTV, Black: $498.00 Furniture per person: $300.00 Apartment supplies: $200.00
  10. 10. Remaining Income Joe Teresi  Christian ScottDisposable Income: Disposable Income: $22,481.44 $18,898.22Cost of Food/Etc: Cost of Food/Etc: $8,849.00 $8,849.00Remaining Income: Remaining Income: $13,632.44 $10,049.22
  11. 11. ExtracurricularChristian Scott1. $1,500.00 for clothes2. $1,344.86 for a 15 month membership to Crunch Gym3. $500 for winter clothes4. $2,000 for miscellaneous items/travelJoe Teresi1. $1,500 for clothes2. $1,344.86 for a 15 month membership to Crunch Gym3. $500 for winter clothes4. $2,000 for miscellaneous items/travel
  12. 12. Remaining income Joe Teresi  Christian ScottDisposable Income- Disposable Income- $13,632.44 $10,049.22Cost of Extracurricular- Cost of Extracurricular- $5,344.86 $5,344.86Remaining Income- Remaining Income- $8287.58 $4704.36
  13. 13. SavingsOpen a high yield savings account with Ally Banks 1-1.00% APY 2-FDIC insured 3-No fees to open Joe Teresi Christian Scott  Opening up an account  Opening up an account and depositing $5,000 and depositing $3,000  Earns $50.25 over a year  Earns 30.15 per year  Deposits $416.67 a  Has to deposit $250 a month month  Income remaining after  Income remaining after savings savings  $3,287.58  $1,704.36
  14. 14. Utilities(all cost shared except cell phone) Water (shared cost)-$600 Electricity- $.139/kWh x 8,000kWh/year=$1,112 Gas- $.689/therm x 1,100 therm/year=$757.90 TV/Internet/Phone-$54.99/month  This bundle includes DirectTV, 210+ channels  High Speed Internet  Verizon Landline w/ wireless router Verizon Cell Phone-$80 per month +$200 for phone =$1,160 for first year
  15. 15. Remaining IncomeJoe Teresi Christian Scott Disposable Income-  Disposable Income- $3,287.58 $1,704.36 Cost of Utilities-  Cost of Utilities- $1,564.95 $1,564.95 Remaining  Remaining Disposable Income- Disposable Income- $1,722.63 $139.41
  16. 16. Summary of CostsJoe Teresi Christian Scott Starting Income-  Starting Income- $60,000 $55,000 1. Taxes-$21,817.8 1. Taxes-$20,401.05 2. Housing-$10,230 2. Housing-$10,230 3. Healthcare-$3,728.76 3. Healthcare-$3,728.76 4. Transportation-$1,742 4. Transportation-$1,742 5. Food/Ect.-$8,849 5. Food/Ect.-$8,849 6. Extracurricular- 6. Extracurricular- $5,344.86 $5,344.86 7. Utilities-$1,564.95 7. Utilities-$1,564.95 8. Savings-$5,000 8. Savings-$3,000 Remaining Income-  Remaining Income- $1,722.63 $139.41
  17. 17. Works Cited"1040ez." IRS. U.S. Government. Web. 01 June 2011. <http://www.irs.gov/pub/irs-pdf/f1040ez.pdf>."Amazon.com: VIZIO E420VO 42-Inch 1080p LCD HDTV, Black: Televisions & Video." Amazon.com: Online Shopping for Electronics, Apparel, Computers, Books, DVDs & More. Web. 08 June 2011. <http://www.amazon.com/VIZIO-E420VO-42-Inch-1080p-Black/dp/B003VQQVDK/ref=sr_1_24?s=tv>."Crunch Gym Rates." Crunch Gym. Web. 8 June 2011. <www.crunch.com>."EmpireBlue." Affordable Health Insurance Plans for Medical, Dental, Vision and Life from Empire BlueCross BlueShield. Blue Shield. Web. 01 June 2011. <http://www.empireblue.com/wps/portal/ehpvisitor?content_path=member/noapplication/f3/s2/t4/pw_a d067434.htm>."Healthy NY: Benefit Package." New York State Insurance Department - Welcome Page. New York State Governement. Web. 01 June 2011. <http://www.ins.state.ny.us/website2/hny/english/hnybp.htm>."High Interest Savings Account: Online Savings Accounts | Ally Financial." CDs, Money Market, Savings & Checking | Ally Financial. Web. 08 June 2011. <http://www.ally.com/bank/online-savings- account/#tabs=rates>."Madison Ave, New York, NY 10037 - Zillow." Zillow - Real Estate, Homes for Sale, Home Prices & Values. Web. 01 June 2011. <http://www.zillow.com/homedetails/Madison-Ave-New-York-NY- 10037/2127280523_zpid/#>."Mta.info | Maps." Mta.info | Home Page. New York State Governement. Web. 01 June 2011. <http://www.mta.info/fares/>.The New York State Department of Taxation and Finance. Web. 01 June 2011. <http://www.tax.ny.gov/>."NYC.gov - Energy & Utilities." Web. 08 June 2011. <http://www.nyc.gov/portal/site/nycgov/menuitem.e2a95046115353f6a62fa24601c789a0>."Set Your Location." Cell Phones - Smartphones: Cell Phone Service, Accessories - Verizon Wireless. Web. 08 June 2011. <http://www.verizonwireless.com/b2c/store/controller?>."Verizon | Digital TV, Broadband Internet, and Phone Packages | FiOS Bundles." Verizon | Landing. Web. 08 June 2011. <http://www22.verizon.com/residential/bundles/#standard>.

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