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Forum
-> Household Management
-> Finances
Adjusted gross income
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| <1k |
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2% |
[ 1 ] |
| 1-5k |
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2% |
[ 1 ] |
| 5001-10k |
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7% |
[ 3 ] |
| 10001-15k |
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19% |
[ 8 ] |
| 15001-20k |
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11% |
[ 5 ] |
| 20001-25k |
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7% |
[ 3 ] |
| >25k |
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50% |
[ 21 ] |
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| Total Votes : 42 |
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imanotmommy
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 Mon, Nov 23 2020, 12:42 pm
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Subtract 30k from your gross household income and divide by number of household members. For example: 100k income, 3 kids and 2 parents. 100-30=70. 70/5=14.
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amother
Periwinkle
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Mon, Nov 23 2020, 12:48 pm
| imanotmommy wrote: | | Subtract 30k from your gross household income and divide by number of household members. For example: 100k income, 3 kids and 2 parents. 100-30=70. 70/5=14. |
why do you subtract 30K?
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imanotmommy
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Mon, Nov 23 2020, 12:54 pm
| amother [ Periwinkle ] wrote: | | why do you subtract 30K? |
The amount I chose is a bit random but it's meant to account for a certain amount of expenses which are relatively fixed regardless of the number of people. For example, you need to pay the same amount for turning on the light in a room for one person or for ten. You also need to pay a certain amount for housing whether there are 4 people living there or 7. (obviously more people are probably using more lights and a much bigger family will probably have higher housing costs. But it's not totally proportional.)
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