1. Los angeles, Ca Sayaka Yoshikawa and Vivian Lu

2. Location Los Angeles, CA

4. Initial Income: $45,000

5. FICA: $2,542.50

6. Social Security: 4.2%

7. Medicare: 1.45%

8. Post-Tax: $37,562

10. Medicare: 1.45%Post-Tax: $37,562 Total Net Income: $35,019.50

12. Household Furniture: $1,755

13. Household Supplies: $500

14. Computer: $999Total: $10,254Remaining Income:$24,765.5 Vivian Lu Food: $7,000 Household Furniture: $1,755 Household Supplies: $500 Computer: $999 Total: $10,254Remaining Income:$24,765.5

16. Gym Membership: $0 (we ride bicycle and run every morning)

17. Movies: $32 (Costco discount tickets)

18. Travel, Vacation: $0 (we travel all the time for profession)

19. Books: $50Total: $582Remaining Income: $24,183.5

21. $1128 annually + $1000 deductible = $2128 annually

22. $94 monthly per person

23. $1000 deductible annually

24. 40% of call insurance for in work services

25. Individual coverageTotal: $2128 Remaining Income: $22,055.5

27. Rent: $1025

28. Size: 1000 Square Ft

29. Description of the House:

30. 2 bedrooms

31. 1.5 bathrooms

32. Cable and satellite ready

33. Carpeting

34. Ceiling fan

35. Garbage disposal

36. Community pool

37. Assigned parking lot

38. Community laundry room

40. Taxation See the 1040 EZ form embedded on our Wiki.

42. $119.99 (from Target.com)

44. Vivian: $240

45. Sayaka: $240SayakaRemaining Income: $21,103.01VivianRemaining Income: $20,973.01

47. Water: $585.00

48. Gas: $507.08

49. Internet: $460.80

50. Phone:

51. Vivian: T-mobile $719.88 (2-year plan)

52. “T-Mobile® my Touch™ 3G Slide – Black” (FREE)

53. Sayaka: Sprint $599.88 (2-year plan)

54. “Samsung Transform” ($49.99)SayakaRemaining Income: $19,194.6 VivianRemaining Income: $18,994.59

56. Monthly saving: $833.33

57. Saving account: $10,000

58. APY: (.45%)

60. Monthly saving: $833.33

61. Saving account: $10,000

62. APY: (.45%)

63. Checking account: $8,994.59***Remaining Income from previous subtractions are all added to our bank.

64. Conclusion Among the things we learned through the project The Living Cost of Income are how to calculate our actual taxation based on income, the way to look for a house with an appropriate rent, an ability to consider and care about every possible detail, and more. We sometimes got confused and stuck, for this was our first time experiencing calculating the actual cost of living; however, we sought for help and finally completed the tasks. We also learned how to compromise our living standards and different living habits in order to virtually live together. We had difficulty figuring out the economic framework of our society, especially the system of taxation(1040EZ), but we are glad that we completed this project because now we know how to calculate and use 1040EZ and do not have to worry about it after graduating college.

65. Works Cited Apartments for Rent & Homes for Rent - Rent.com® Apartment Finder. Viva Group, Inc., 2011. Web. 01 June 2011. <http://www.rent.com/account/myrent/view>.Bank of America | Home | Personal. Bank of America Corporation, 2011. Web. 07 June 2011. <https://www.bankofamerica.com/>.Cell Phones| 4G Cell Phone Plans |Android Tablet PCs| T-Mobile. T-Mobile USA, Inc, 2010. Web. 08 June 2011. <http://www.t-mobile.com/>.Cell Phones, Mobile Phones & Wireless Calling Plans from Sprint. Sprint, 2010. Web. 03 June 2011. <http://www.sprint.com/index_c.html>.Individual Health Insurance Quotes, Information and Advice. HealthCare.com Inc., 2009. Web. 02 June 2011. <http://www.healthcare.com/>."MacBook Air - The next Generation of MacBooks." Apple. Apple Inc., 2011. Web. 03 June 2011. <http://www.apple.com/macbookair/>."Social Security Update 2011." The United States Social Security Administration. USA.gov, 09 Feb. 2011. Web. 06 June 2011. <http://www.ssa.gov/pubs/10003.html>.Target.com - Furniture, Patio, Baby, Toys, Electronics, Video Games. The Bullseye Design and Bullseye Dog Are Trademarks of Target Brands, Inc., 2011. Web. 01 June 2011. <http://www.target.com/>.