Lifestyle Comparison, City vs Country Essay Example for Free

Lifestyle resemblance, City vs Country EssayData has been collected from several sources such as multiple real number estate agencies, fuel stations, transport agencies, mapping sources, grocery markets as well as different social and recreational organizations and conventions, this in springation will aid me to form my personal opinion on which is the better option. The criteria on which of the options stands to be better option, will be on the basis of which provides the best financial outcome. Notes * This narrative is taking the assumption that certain material possessions have already been accounted for, EG * Car, clothes, furniture etc. The car at our disposal for the calculations of travel expenses will be the Hyundai Santa Fe Part Four, Data Analysis The salaries of dentists in Australia varies widely, as the lowest reported income per annum is an estimated $50,800 while the highest earning dentists are in much larger figures, with $190,000 as the maximum enter buy offment. $50,800 + $190,000 = $240,800 $240,800 ? 2 = $120,400 the average salary, calculated via the values given above. This given pay scale can be divvied into three categories in order to better form and calculate budgets and relevant taxes.To yield more reliable results, the following tax calculations will be made under the assumption that we are earning an average pay of $120,400 per annum. Tax Calculations Weekly Monthly Yearly Gross (Divide yearly pay by 52)$2315. 38 (Divide yearly pay by 12)$10,033. 33 $120,400 Tax $624. 90 $2707. 91 $32,495 Super $208. 38 $903 $10,836 Medicare $34. 73 $cl. 5 $1,806 Net Income $1447. 1 $6,271. 9 $75,263 Tax $120,400 $80,000 = $40,400taxable dollars. $40,400 x $0. 37 = $14,948 $14,948 + $17,547 = $32,495yearly income tax. $32,495 ? 12 $2707. 91monthly income tax. $32,495 ? 52 = $624. 90 periodical income tax. Super $120,400 9% = $120,400 x 0. 09 = $10,836yearly super payment. $10,836 = $10,836 ? 12 = $903monthly super payment. $10,836 = $10,836 ? 52 = $208. 38 every week super payment. Medicare $120,400 1. 5% = $120,400 x 0. 015 = $1,806yearly Medicare levee $1,806 = $1,806 ? 12 = $150. 5monthly Medicare levee $1,806 = $1,806 ? 52 = $34. 73 hebdomadal Medicare levee Net Income $120,400 $32,495 $10,836 $1,806 =$75,263yearly net income $75,263 = $75,263 ? 12 = $6,271. 9monthly net income $75,263 $75,263 ? 52 = $1,447. 30weekly income Expenses Living The following rental hurts are taken from multiple real estate websites, with the cheapest price as the main deciding factor. crime syndicate Rentals House Brisbane Prices Address Charleville Prices Address 1 $395 8/53 Edward Street, Brisbane $230 169 Edward St 2 $390 21/204 Alice St, Brisbane $200 164 Galatea St 3 $430 460 Ann St, Brisbane $165 1/75 Galatea St 4 $450 5/204 Alice St, Brisbane $165 1/16 Sturt St 5 $450 1904/485 Adelaide St, Brisbane $160 7/16 Sturt St Averages $423 $184Recreational A steady amount of $150 will be deducted weekly from our overall in come in order to pay for recreational activities, drinks, dinner, take-away etc. Health Insurance Health insurance is a necessity for anyone trying to save money, as it is a safety net if something is to go wrong, and medical attention is needed. Without this safety net, simple injuries such as gloomy bones may cost in the thousands of dollars, while serious injuries and surgeries will cost exponential amounts. For the best value and lowest price, as suggested by a comparison on iSelect. com. u, the best plan at our disposal will cost $75. 24 monthly, and cover the essentials. $75. 24monthly health insurance $75. 24 x 12 = $902. 88yearly health insurance $75. 24 ? 4 = $18. 81weekly health insurance Part Five, Data Analysisamp Comparison Gas amp Electricity P. A. As evidence from Switchwise. com. au suggests, an apartment style home in Brisbane with 1 bedroom amp 1 resident average, will result in an estimated yearly payment of $1646. This price can be altered however via an Origin energy yearly contract, which will visit this expense to $1554 p. . in a Brisbane residential apartment complex. $1,554 ? 52 = $29. 88weekly energy/ spatter expenses $1,554 ? 12 = $129. 5monthly energy/gas expenses In terms of country living, the annual cost of electricity for a house will cost $1520 at the bare minimum. $1,520 ? 52 = $29. 23weekly energy/gas expenses $1,520 ? 12 = $126. 66monthly energy/gas expenses Fuel With the aim of keeping this report simplified, the only fuel being analysed and record will be diesel engine. The price for diesel in Charleville, on the date of 13/5/13, is $1. 43 /L.While according to racq. com. au, the average price for diesel in Brisbane, over the caterpillar tread of April, was $1. 48 /L. This difference, although minimal, scales over time and will cause either substantial savings or losses over the course of say, 10 years landing the same job amp same average fuel usages. Transport To calculate the average transport expenses, the car at our disposal will be a Hyundai Santa Fe. The Santa Fe runs on diesel, and has an overall consumption of 7. 3litres/100km. This data divides into 0. 73litres/10km, and 0. 65/5km, to achieve more manageable sample sizes in order to accurately calculate the average weekly usage in both country amp city environments. *Note Multiple instances of the home decease drives are extremely minimal, and will therefrom not be considered under fuel consumption, and merely an expense of time. Transport CONT Diesel Consumption House Kilometres House 1 1. 12 House 2 1. 6 House 3 0. 06 House 4/5 0. 32 *miles -gt kilometre conversion = y X 1. 6 = z 164 Galatea St -gt construct = 0. 7miles X 1. 6 = 1. 12km 169 Edward St -gt engage = 1. 00miles X 1. = 1. 6km 71 Galatea St -gt work = 0. 06km 16/9 amp 16/7 Sturt St -gt work = 0. 32km*Note to yield an accurate fuel expense, the average distance of the phoebe bird houses for both city and country will be used, and then a price for a round trip, over five times a week, plus a 20% fuel allowance for other travelling needs. Country 1. 12km + 1. 6km = 2. 72km 2. 72 / 2 = 1. 36km 1. 36travel distance home to work 1. 36 x 2 = 2. 72km 2. 72km x 5 = 13. 6km home to work amp back, five days 13. 6 x 0. 20 = 2. 72kmfuel allowance, for other travelling needs 2. 72 + 13. 6 16. 32kmweekly travel distance 16. 32% of 100km, therefore 16. 32% of ($1. 43 x 7. 3L=$10. 43 (price for 100km worth of fuel)) $10. 43 10. 43 x 0. 1632 = $1. 70weekly fuel expense House Km to work House 1 5. 44km House 2 5. 12km House 3 6. 72km House 4/5 7. 04km City *miles -gt kilometre conversion = y X 1. 6 = z 53 Edward St -gt work = 3. 4miles X 1. 6 = 5. 44km 21/204 amp 5/204 Alice St -gt work = 3. 2miles X 1. 6 = 5. 12km 460 Ann St -gt work = 4. 2miles X 1. 6 = 6. 72km 485 Adelaide St -gt work = 4. 4miles X 1. 6 = 7. 04km 5. 44 + 5. 12 + 6. 2 + 7. 04 = 24. 32 24. 32 / 4 = 6. 08kmaverage distance to work 6. 08 x 2 = 12. 16 12. 16 x 5 = 60. 8home to work distance, fiv e times per week 60. 8 x 0. 2 = 12. 16kmweekly fuel allowance 60. 8 + 12. 16 = 72. 96kmweekly fuel consumption 72. 96km = 72. 96% of 100km 72. 96% of ($1. 43 x 7. 3L=$10. 43 (price for 100km worth of fuel)) $10. 43 10. 43 x 0. 7296 = $7. 60weekly fuel expense Grocery Essentials *The following are the prices of food essentials at the lowest offered price in their respective stores and locations, without factoring in any extra special offers.