Using Exhibit 143, calculate approximately how much money the household from Problem 4 spends on health care.
Question:
Using Exhibit 14–3, calculate approximately how much money the household from Problem 4 spends on health care.
Transcribed Image Text:
Pretax Annual Income Annual Expenditures Housing Food Clothing Transportation Health Care Entertainment Pensions and Social Security Other* AGE 65-74 Average $ Amount $52,366 $48,855 $15,838 $6,284 $ 1,417 $8,338 $5,456 $ 2,988 $ 2,788 $ 6,074 Percent 100 100 32.4 12.0 2.9 17.1 12.2 6.1 5.7 11.6 AGE 75 & OLDER Average $ Amount $35,467 $36,673 $13,375 $ 4,349 $ 683 $ 5,091 $5,708 $1,626 $ 800 $ 5,041 Percent 100 100 36.5 11.9 1.9 13.9 15.6 4.4 2.2 13.7
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (12 reviews)
4500...View the full answer
Answered By
Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
Using Exhibit 14-2, calculate approximately how much money the older household from Problem 4 spends on medical care. Data from problem 4 Calculate approximately how much money an older (65+)...
-
Using Exhibit 18-4, calculate how much money the household from Problem 3 spends on housing.
-
Calculate approximately how much money an older (65+) household with an annual income of $45,000 spends on housing each year.
-
SQL Queries Help For the SYSDES team, list the evaluatees and evaluators and theevaluation scores. Show the full name of evaluates and evaluator,the evaluation ID, the evaluation item and the score....
-
15 2x 5 7 Describe the solution set as an inequality, in interval notation, and on a graph.
-
For purposes of topic 830, what is a highly inflationary economy and how is a highly inflationary economy determined?
-
Let \(V_{k s}\) be the value of an adjustable-rate loan initiated at period \(k\) and state \(s\) with initial principal of 100 . The loan is to be fully paid at period \(n\). The interest rate...
-
Ouellette & Associates began operations on January 1, 2017. Its fiscal year end is December 31 and it prepares financial statements and adjusts its accounts annually. Selected transactions for 2017...
-
A machine component in the form of a strip 10 mm wide by 2 mm deep by 120 mm long will be loaded at its center as a beam simply supported 10 mm from each end. a) From the possibilities given below,...
-
Of a finance companys loans, 1% are defaulted (not completely repaid). The company routinely runs credit checks on all loan applicants. It finds that 30% of defaulted loans went to poor risks, 40% to...
-
In 2020, you gave a gift of $15,000 to a friend. What was the gift tax?
-
Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund. Each share cost $15.15. Fifteen months later, he decided to sell his shares when the share value reached $18.10. a. What was the...
-
Calculate the work required to stretch the following springs 0.5 m from their equilibrium positions. Assume Hookes law is obeyed. a. A spring that requires a force of 50 N to be stretched 0.2 m from...
-
Using the energy level chart below, if a photon with an energy of 2.856 eV is * 1 point emitted from this atom what energy transition occurred? 818 n=7 n=5 n=4 n=3 n=2 n=1 n=6 dopped to n=3 ne3...
-
The picture below is the top view of a ball on a table being twirled clockwise in a horizontal circle. The ball is speeding up. Choose the arrows that best represent the direction of the velocity,...
-
2. A vector field is defined in a Cartesian coordinate system by 22 3 vec(A) = 3xy zhat(1) + 2xyzhat(1) + xyhat(k) (a) Show that for this field vec(grad) x vec(A) = vec(0). (b) The previous result...
-
15. An empty swimming pool with a square floor dimension has a volume of 3y m. Given the weight of air in the swimming pool is about 500 N and the air density is 1.29 kg/m. (a) (b) Find the length of...
-
13. 12800 g of chemical solvent is poured into the storage tank. At a depth of 12.5 m the pressure at the bottom of the storage tank due to this solvent was 306 kPa. Calculate the total volume of the...
-
A local finance company will loan $10,000 to a homeowner. It is to be repaid in 24 monthly payments of $499 each. The first payment is due 30 days after the $10,000 is received. What interest rate...
-
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...
-
When making banking decisions, why should you be concerned about current interest rates?
-
Why is a high risk premium an advantage for the investor? Why is a low risk premium an advantage for an investor?
-
Jason wants to open a checking account with a $ 100 deposit. Jason believes he will write 15 checks per month and use other banks ATMs 8 times a month. He will not be able to maintain a minimum...
-
Suppose Google (actually Alphabet) stock has both European call and put options traded on an exchange. Google does not pay any dividends. Suppose the call and put options have the same exercise price...
-
a) Using the NPV analysis, advise Gustav whether he should purchase the new machine. b) Using the IRR analysis, advise Gustav whether he should purchase the new machine. Do you reach the same...
-
The quoting swap rates from Mandiri Sekuritas are 5.45% - 5.80% annually against 6-month dollar LIBOR for dollars and 8.95% - 9.35% annually against 6-month dollar LIBOR for rupiah.At what rates will...
Study smarter with the SolutionInn App