1. THE COST OF LIVING
PROJECT
Hera Maryam --- Erica McGale
ATLANTA,
Georgia

2. BASIC INFORMATION
Hera Maryam
 Gross Salary:
 $50,000.00
 Job:
 Medical Assistant (Starting
level position)
Erica McGale
 Gross Salary:
 $45,000.00
 Job:
 Medical Lab Assistant
(Starting level position)

3. TAXATION
Hera Maryam
 Dues:
 Federal Income Tax from EZ1040: $6, 338.00
 Social Security Withholdings with Medicare: $3,825.00
 State Income Tax: $3,000
 Disposable Income: $36,837.00
Erica McGale
 Dues:
 Federal Income Tax from EZ1040: $5,088.00
 Social Security Withholdings with Medicare: $3,442.50
 State Income Tax: $2,700.00
 Disposable Income: $33,769.50

4. SAVINGS
Hera Maryam
 TOTAL Savings: $14,066.54 (28.13%)
 Savings Account in CitiBank: $12,000.00
 APY: .0525
 Checking Account in CitiBank: $2,066.54
Erica McGale
 TOTAL Savings: $10,439.00 (23.20%)
 Savings Account in CitiBank: $9,000.00
 APY: .0525
 Checking Account in CitiBank: $1,439.04

5. HOUSING
 Dunwoody Pointe
7901 Roswell Road
Atlanta, GA 30350
 2 beds, 2 bath
 Rent: $707.00 (15 month lease)
 Deposit: $250.00
 Rental Insurance: $15.83 monthly
 TOTAL Annual Cost Per Person: $4461.98

6. HEALTHCARE
 UnitedHealthOne Insurance
 Copay Select Plan for both Hera and Erica
 Deductible: $7,500
 Co-pays: $35.00
 Coinsurance (% paid by insurance / % paid by
insured): 80/20
 Monthly Premium: $99.31
 TOTAL Annually Per Person: $1191.72

7. TRANSPORTATION
 MARTA Transit Bus Line
 1 hour trip to downtown, 1 transfer.
 Bus stop .2 miles away from apartment.
 MARTA 30-Day Bus Pass for $68.00
 Both Hera and Erica will take the bus (need
Pass)
 TOTAL Annually per Person: $816.00

8. UTILITIES
 Cell phone (AT and T)
 $30.00 monthly
 Internet (CLEAR, 4G, Wireless)
 $35.00 monthly
 Netflix (Instant)
 $8.00 monthly
 Water
 $60.00 per apartment
 Electricity (Georgia Power)
 $125.00 monthly
 Gas (Georgia Natural Gas,
Standard)
 $40.46 monthly
All costs will be shared between Hera and Erica
TOTAL Annually Per Person: $1970.76

9. FOOD
Hera Maryam
 $165.00 per week
 $120.00 groceries
 $45.00 for eating out
2-3 times a week
 $8,580.00 Annually
Erica McGale
 $165.00 per week
 $120.00 groceries
 $45.00 for eating out
2-3 times a week
 $8,580.00 Annually

10. EXTRACURRICULAR ACTIVITIES
Hera Maryam
 Shopping for Self : $2,000.00
 Furniture/Home: $750.00
 Gifts: $500.00
 Vacations: $1,500
 Activities: $600.00
 Books: $100.00
 Other: $300.00
Erica McGale
 Shopping for Self: $2,500.00
 Furniture/Home: $750.00
 Gifts: $500.00
 Vacations: $1,500
 Activities: $700.00
 Books: $60.00
 Other: $300.00

11. ANNUAL EXPENSES OVERVIEW
Categories Erica McGale Hera Maryam
Salary $45,000.00 $50,000.00
Taxes $11,230.50 $13,163.00
Housing $4,461.98 $4,461.98
Healthcare $1,191.72 $1,191.72
Transportation $816.00 $816.00
Utilities $1,970.76 $1,970.76
Food $8,589.00 $8,580.00
Activities $6,310.00 $5,750.00
Total Expenses $34,560.96 $35,933.46
Saving’s Account $9,000.00 $12,000.00
Checking Account $1,439.04 $2,066.54

12. WORKS CITED
 "AT and T Cell Phone Plans." AT and T Wireless. Web. 6 June 2011.
<http://www.wireless.att.com/cell-phone-service/cell-phone-plans/index.jsp>.
 "CLEAR Home and On-the-go Internet Plans." CLEAR WIRELESS. 6 June 2011.
Web. <http://www.clearwirelessinternet4g.com/>.
 "Crime Rates for Atlanta, GA." Neighborhood Scout. Web. 2 June 2011.
<http://www.neighborhoodscout.com/ga/atlanta/crime/>.
 "Dunwoody Pointe." Rent.com. Web. 3 June 2011.
<http://www.rent.com/rentals/georgia/atlanta-and-
vicinity/atlanta/buckhead/dunwoody-pointe/332315/>.
 "Fares and Discounts." MARTA-Metropolitan Atlanta Rapid Transit Authority. Web. 6
June 2011. <http://www.itsmarta.com/fares-passes.aspx#fare_table>.
 "Georgia State Income Tax." Tax Rates. Web. 3 June 2011. <http://www.tax-
rates.org/Georgia/income-tax/>.
 "Health Insurance Quotes." UnitedHealth One. Web. 4 June 2011.
<https://www.uhone.com/Quote/QuotePerson.aspx>.
 "Netflix." Netflix. Web. 7 June 2011. <www.netflix.com>.
 "Price Plans-New Customores." Georgia Natural Gas. Web. 6 June 2011.
<http://www.onlygng.com/residential/priceplans_new.asp>.
 "Rental Insurance Quotes." ERenter Plan. Web. 6 June 2011.
<http://www.erenterplan.com/QUOTE/zip/30331.aspx>.
 "Trust Fund Data." Social Security Online. Web. 2 June 2011.
<http://www.ssa.gov/oact/progdata/taxRates.html>.

13. THE END