1. Living the Life… On a Teacher’s Salary
Economics
Ms. Lyons

2. Education
Costs
Full-Time Per Semester
Full-Time Per Year
Tuition
$2,785
$5,570
Mandatory Fees (1)
$619
$1,238
Residence Hall Fees - Double Occupancy (5)
$3,191
$6,382
Meal Plan - Anytime + $ Passes
$1,950
$3,900
Total Before Optional Fees
$8,545
$17,090
Optional Fees (4)
$561
$1,102
Total After Optional Fees
$9,106
$18,192
$18,192 * 4 = $72,768.00

3. My ACTUAL total for a semester
Stud.Assoc. Memorial Scholar.        
Federal Pell Grant       2,300.00
Tuition Assistance Program      
RA Meal Waiver        
RA Room Waiver       3,500.00
WHAT I PAID      

4. Job – Paycheck (2 per month)
“Salary” = $45,500
Total Earnings $2,463.08
Deductions (subtract) $1,122.36
Net Pay $1,340.72
2 paychecks per month: $1, * 2 = $2,681.44

5. Deductions from Paycheck
Federal Tax $347.87
Social Security $95.02
Medicare $32.80
State Tax $126.92
Teacher’s Retirement Program $119.46
Health Insurance $200.90
Union Dues $49.39
Tuition (Grad school) $150.00
Total deductions $1,122.36

6. Expenses per month Apartment $1,050 Utilities $90 Cell phone $60
Internet $35
Food (Groceries/Eating out): $450
MetroCard $105
Fun stuff $50
Total $1840

7. What’s Left? Total Net Income per month: $2,681.44
Total Deductions per month: $1,840.00
Total Leftover $841.44