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Gross household income adjusted for household size

 
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Adjusted gross income
<1k
 2%  [ 1 ]
1-5k
 2%  [ 1 ]
5001-10k
 7%  [ 3 ]
10001-15k
 19%  [ 8 ]
15001-20k
 11%  [ 5 ]
20001-25k
 7%  [ 3 ]
>25k
 50%  [ 21 ]
Total Votes : 42


imanotmommy




 
 
 
 

Post  Mon, Nov 23 2020, 12:42 pm
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
 

Post  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




 
 
 
 

Post  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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