Ask Question
15 November, 23:25

Pat earns $25,000 per year (after taxes), and Pat's spouse, Chris, earns $35,000 (after taxes). They have two pre-school children. Childcare for their children costs $12,000 per year. Pat has decided to stay home and take care of the children. Pat must:

A. value spending time with the children by more than $25,000.

B. value spending time with the children by more than $12,000.

C. value spending time with the children by more than $13,000.

D. value spending time with the children as much as does Chris

+4
Answers (1)
  1. 15 November, 23:39
    0
    C. Value spending time with the children by more than $13,000.

    Explanation:

    Given that Pat earns $25,000 per year after taxes and the childcare costs $12,000 per year, the value of spending time with with the children will be more than $13,000. If Chris becomes a stay at home parent, the value would have been $23,000 as $12,000 will be paid for the childcare. The amount is calculated by finding the difference between the earnings and childcare costs.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Pat earns $25,000 per year (after taxes), and Pat's spouse, Chris, earns $35,000 (after taxes). They have two pre-school children. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers