lectur2-page16

lectur2-page16 - $45,800 to $77,100 for the U.S overall Our...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
In this case, the child support payment came out to be approximately 50% of the total support the state deemed necessary to adequately care for this child. Therefore, we can determine that the state of N.C. estimates that the total cost of raising a child from birth to 18 years of age in 2005 to be approximately $170,640 without inflation taken into consideration. This estimate falls between the estimates quoted by USDA’s Center for Nutrition Policy and Promotion for families earning less than $45,800 and families earning
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $45,800 to $77,100 for the U.S. overall. Our case’s “family” income falls in the upper end of the $45,800 to $77,100 range. Remember that families earning a gross income of less that $45,800 were expected to spend $148,320 per child unadjusted for inflation; and families earning a gross income of $45,800 to $77,100 were expected to spend $204,060 unadjusted for inflation. 16...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online