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Econ project
- 1. Living in San Diego, CABy:Connie Tang &Kenji Sumikawa
- 2. TaxesKenji:Income: $55,000Tax: $7,600State Tax: $2,510Social Security & Health Tax (7.65%): $4,207.50+___________________ Total: $14,317.50Disposable Income: $55,000-$14,317.50 = $40,682.50Connie:Income: $40,000Tax: $4,183State Tax: $1,228Social Security & Health Tax (7.65%): $3,060+___________________ Total: $8,471Disposable Income: $40,000 - $8,471 = $31,529
- 3. SavingKenji¡¯s Saving: $1449.47Connie¡¯s Saving: $550.75Invest in Chase Savings AccountMinimum Initial Deposit: $25Interest Rate: 0.35%APY: 0.35%Min. to earn APY: $5000Transaction Fees: $12/ transaction over limit of 6per month.Invest in Chase Savings Account
- 4. Minimum Initial Deposit: $25
- 6. APY: 0.35%
- 7. Min. to earn APY: $5000
- 8. Transaction Fees: $12/ transaction over limit of 6 per month.Housing: Tierrasanta Ridge AppartmentAddress: 5410 Repecho Drive 92124Square Ft: 810Deposit: $400 $200 per personMonthly Rent: $1375$687.50 per personRenter¡¯s insurance: $244 per year$10.17 per month per person
- 9. HealthcareConnie:Blue Shield of CaliforniaPlan: Vital Shield 900Monthly Premium: $97/ monthPlan type: PPODeductible: $900Out of pocket maximum: $4900Office visits: $40 for first visit per year, then $0 after out-of-pocket maximumPreventive care exams: 0$Hospitalization: 40% after deductibleLab & x-ray: $0 after out of pocket maximumEmergency room $100 per visit + 40% after deductiblePrescriptions: Generic onlyDental: AvailableLife: AvailableKenji:Blue Shield of California
- 10. Plan: Vital Shield 900
- 11. Monthly Premium: $97/ month
- 12. Plan type: PPO
- 13. Deductible: $900
- 14. Out of pocket maximum: $4900
- 15. Office visits: $40 for first visit per year, then $0 after out-of-pocket maximum
- 16. Preventive care exams: 0$
- 17. Hospitalization: 40% after deductible
- 18. Lab & x-ray: $0 after out of pocket maximum
- 19. Emergency room $100 per visit + 40% after deductible
- 22. Life: AvailableTransportationKenji¡¯s Honda CivicSales Price: $24,050Down Payment: $2000Interest: 4.00%Loan Term: 60 monthsSales Tax: $0Total Paid for Loan: $24,365.06Monthly Payment: $406.08Car detailsMileage: 44 mpg city/ 44mpg hwyFuel cost: $4.00 per gallonApprox. : Connie¡¯s Toyota YarisSales Price: $13455Down Payment $2000Interest rate: 4.00%Loan Term: 60 monthsSales Tax: $1300Total Paid for Loan: $13958Monthly Payment: $232Car detailsMileage: 29 mpg city/ 36 mpg hwyFuel cost: $4.00 per gallonApprox. : $110 / month on gas
- 23. UtilitiesConnie and Kenji:Cell Phone Plan: T-mobile ¡°Even More? Ultd Talk + Ultd Text¡± : $59.99/ monthAll of our utilities are covered in the apartment rentIncludes gas, water, waste disposal, internet, cable, electricity.
- 24. Average Cost of Utilities In San DiegoGas & Electric: $100 per month Water, Sewer & Trash Collection: $60 per monthMost Basic Cable Plan: $20 per monthMost Basic Internet: $34.99 per monthMost Basic Phone: $14.99 per month(U.S. and Canada Long Distance: add 5 cents per minute calls)
- 25. FoodEach person:Spend approx: $120/ week$480 per month Shop: -Trader Joes -Mitsuwa Supermarket -Vons
- 27. Work Cited"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>."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>.Blue Shield of California. Web. 08 June 2011. <https://www.blueshieldca.com/>.Cell Phones| 4G Cell Phone Plans |Android Tablet PCs| T-Mobile. Web. 08 June 2011. <http://www.t-mobile.com/>."Expert Newswire." Home Page. Web. 08 June 2011. <http://www.payrollexperts.com/BlogRetrieve.aspx?BlogID=3486>.Franchise Tax Board Homepage. Web. 08 June 2011. <http://www.ftb.ca.gov/index.shtml?disabled=true>.New Car Pictures, Prices and Reviews - Yahoo! Autos. Web. 08 June 2011. <http://autos.yahoo.com/>."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>."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>."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>.