On Average, About What Percentage of a Working Mother's Income

question 51

Multiple Choice

On average, about what percentage of a working mother's income is spent on childcare if she has children who are too young for public school?

• A) 5%
• B) 10%
• C) 15%
• D) 20%

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Definitions:

Drug Costs

The expenses associated with purchasing medications, which can include the price of the drug itself, pharmacy fees, and related healthcare provider costs.

Hospital Costs

Denotes the expenses associated with operating a hospital, including medical supplies, labor, and administrative costs.

Defined-benefit Plan

A type of pension plan in which an employer promises a specified pension payment upon retirement, based on an employee's earnings history, tenure of service, and age.

Defined-contribution Plan

A retirement plan where employees, employers, or both make contributions on a regular basis, with future benefits dependent on investment performance.