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Jim

Jim. Chris Allen Steven Kessler David Goodman Matt Yudysky. $45,000 per year . Duke University. Jim studied Kinesiology at Duke He owes $30,000 in college loans – Pays $3,000 /year He owes $300 in Credit card debts He is now a physical therapist. Taxes.

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Jim

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  1. Jim Chris Allen Steven Kessler David Goodman Matt Yudysky $45,000 per year

  2. Duke University • Jim studied Kinesiology at Duke • He owes $30,000 in college loans – Pays $3,000/year • He owes $300 in Credit card debts • He is now a physical therapist

  3. Taxes • Federal $5,250 • State $2,385 • Medicare $652.50 • Social Security $1,890 • Total $10,177.5

  4. Luxuries • Jim owns an Xbox – Paid $199.99 • Sky Rim and Madden $94.95 • He went to San Juan, Puerto Rico $3,116 • Computer $1,099 • 55 inch T.V. $926.99 • Surround sound $202.99 • Total $7,625.53/year

  5. Housing Cost • Appleton Mills - Lowell, Mass. • Rent $442/month • Electric $36.67/month • Renters insurance $150/year • Maintenance $204.71 • Total $7,352.91/Year

  6. Transportation • Charlie Card Adult Pass - Lowell Transit and Authority - $35/month • $420/year

  7. Furniture • 7 piece Bob package bedroom set $599.99 • Bob Value Pedic Queen Mattress and Foundation $299.00

  8. Food • Groceries - $312.20/month - $3746.40/Year • Eating out $3623.83/year • Six pack of Dos Equis $7.99/week- $415.48/year • Total $7785.71

  9. Clothing • Athletic $254.95 • Casual $100.98 • Total $355.93/year

  10. Conclusions • Spending money after taxes – $34,822.5 • General savings of $4,795.02 • 2011 poverty line for one person - $10,890

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