BudgetingRaya Gazae & Sukie Fontaine

Stephanie Chen & Irene Lee Per. 5

Overview

SUKIE FONTAINE• Occupation: Artist Manager• Initial Income: $45,000.00• Total Taxes: $12,241.50• Disposable Income:

$32,857.50

RAYA GAZAE• Occupation: Interior Designer• Initial Income: $60,000.00• Total Taxes: $18,970.00• Disposable Income:

$41,030.00

Place of Residence:San Francisco, CA

Taxes, Taxes, Taxes.

• MS. GAZAE, you owe:• Federal Income Tax: $8,850• FICA (7.65% of gross income): $4,590• CA State Income Tax: $5,580

MS. FONTAINE, you owe:•Federal Income Tax: $5,100•FICA (7.65% of gross income): $3442.50•CA State Income Tax: $3,600

Saving• 4% of adjusted income

S u k ie F o n t a in e ( To t a l S a v in g s : $ 1, 8 0 0 )

• $1,200 Savings account at American Express• $600 Checking account at American Express• 1.15% APY

R a y a G a z a e ( To t a l S a v in g s : $ 2 , 4 0 0 )

• $1,900 Savings account at American Express• $500 Checking account at American Express• 1.15% APY

What Do I Have Left?

SUKIE FONTAINE• Disposable Income:

$32,857.5 - 1,800.00 $31,057.50

RAYA GAZAE• Disposable Income:

$41,030.00 - 2,400.00 $38,630.00

HousingIn f o r m a t io n1,259 square feetApartment (12th Floor)1 car parking space2 bathrooms2 bedrooms2 bathsUnparalleled View of the Golden Gate Bridge

Housing: Costs

C o s t sLease Term: 1 YearDeposit: $1,200Living Cost: $27,600 annuallyRenter's Insurance Cost: $300 annuallyTotal for the first year: $29,100

What Do I Have Left?

SUKIE FONTAINE• Disposable Income:

$32,857.50 - 1,800.00 $31,057.50 - 14,550.00

$ 16 , 5 5 7 . 5 0

RAYA GAZAE• Disposable Income:

$41,030.00 - 2,400.00 $38,630.00 - 14,550.00

$ 2 4 , 13 0 . 0 0

Utilities

Electricity: $1,500Water: $600Phone: $720$60/mo.550 shared minutes (2 lines)Unlimited nights/weekendsUnlimited mobile/mobileFree Wifi throughout the whole building

Total: $2,820 for 1 year

What Do I Have Left?SUKIE FONTAINE• Disposable Income:

$32,857.50 - 1,800.00 $31,057.50 - 14,500.00 $16,557.50 - 1,410.00

$ 15 , 14 7 . 5 0

RAYA GAZAE• Disposable Income:

$41,030.00 - 2,400.00 $38,630.00 - 14,500.00 $24,130.00 - 1,410.00

$ 2 2 , 7 2 0 . 0 0

Health Care

Raya Gazae

• $732 annually• $61/month/person• PPO- Optimum Advantage HSA

NG• $4,500 deductible annually• 0% coinsurance after deduction• Individual Coverage

Sukie Fontaine

• $732 annually• $61/month/person• PPO- Optimum Advantage HSA

NG• $4,500 deductible annually• 0% coinsurance after deduction• Individual Coverage

What Do I Have Left?

• SUKIE FONTAINE• Disposable Income:

$32,857.50 - 1,800.00 $31,057.50 - 14,550.00 $16,507.50 - 1,410.00 $15,097.50 -

732.00

$ 14 , 3 6 5 . 5 0

RAYA GAZAE• Disposable Income:

$41,030.00 - 2,400.00 $38,630.00

- 14,550.00 $24,080.00 - 1,410.00 $22,670.00 - 732.00

$21,938.00

Transportation

• Use of Bay Area Rapid Transit (BART)$5/day, 5 days/week

• $1,300 per person

What Do I Have Left?• SUKIE FONTAINE• Disposable Income:

$32,857.50 - 1,800.00 $31,057.50 - 14,550.00 $16,507.50 - 1,410.00 $15,097.50 -

732.00

$ 14,365.50 - 1300.00

$ 13 , 0 6 5 . 5 0

RAYA GAZAE• Disposable Income:

$41,030.00 - 2,400.00 $38,630.00

- 14,550.00 $24,080.00 - 1,410.00 $22,670.00 - 732.00 $21,938.00 - 1,300.00

$20,638.00

15

Food

Raya Gazae:$9,125$15 brunch, $10 dinner

Sukie Fontaine:$9,125$15 brunch, $10 dinner

What Do I Have Left?• SUKIE FONTAINE• Disposable Income:

$32,857.50 - 1,800.00 $31,057.50 - 14,550.00 $16,507.50 - 1,410.00 $15,097.50 -

732.00

$14,365.50 - 1300.00 $13,065.50 - 9,125.00

$ 3 , 9 4 0 . 5 0

RAYA GAZAE• Disposable Income:

$41,030.00 - 2,400.00 $38,630.00

- 14,550.00 $24,080.00 - 1,410.00 $22,670.00 - 732.00 $21,938.00 - 1,300.00 $20,638.00 - 9,125.00

$11,513.00

17

Extracurricular Activities

• R a y a G a z a e• Clothes: $5,100• Hair Products/ Makeup: $463• Furniture: $2,000• Presents for Sukie Fontaine: $3,000• Gadgets (new phones, ipods, etc.):

$1,000

• TOTAL SPENT: $11,563.00

S u k ie F o n t a in eClothes: $3,344.50Netflix Membership: $96Coachella: $500

TOTAL SPENT: $3,940.50

18

What Do I Have Left?

SUKIE FONTAINE• $0.00

RAYA GAZAE• $0.00

Conclusion/ Summary

• Learned:– Taxes are EXPENSIVE– FOOD is expensive– Transportation– Renting costs

• Worth it?

– Utilities• Prices differ depending on location

– Traveling costs more than you think.

20

Thanks for watching!!