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Q: FAMILY INCOME ALLOCATION ( No Answer,   1 Comment )
Question  
Subject: FAMILY INCOME ALLOCATION
Category: Business and Money > Economics
Asked by: jimr2004-ga
List Price: $20.00
Posted: 28 Jun 2006 14:09 PDT
Expires: 28 Jul 2006 14:09 PDT
Question ID: 741839
I need to quote a Source Authority and haven't had any luck in my
searches thus far. The question is:
 
On average, what is the percentage amount that a family with children
must devote from their total income to their children for education,
health, etc.?
 
Would it, for example, be 15%, or 30%...or what? My reason for this is
to compare disposable income from gay unions to straight ones.
 
Thanks,
Jim
Answer  
There is no answer at this time.

Comments  
Subject: Re: FAMILY INCOME ALLOCATION
From: freakinc197878192-ga on 13 Jul 2006 22:06 PDT
 
How much money can be set aside would depend on what the total income
of the individual(s) is and how many children they are supporting. For
example, hypothetically, a family of four (Husband, Wife, 2
children)and the husband makes $100,000 the wife makes $75,000 gross
income. Then they would have to take their net income for the year,
subtract the cost of monthly bills and necessities then the remaining
total would be what they could allocate for children's education and
health. Now, because all of those (income, number of children, cost of
monthly bills, etcetera) are variables and never a constant then you
couln't come up with an average to set aside. It all depends on the
situation of the family.

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