Holly and Matt Want to Use the "Nonworking" Spouse Method

question 74

Multiple Choice

Holly and Matt want to use the "nonworking" spouse method to determine the amount of life insurance coverage they need. If their youngest child is 5 years old, how much do they need?

• A) $13,000
• B) $18,000
• C) $50,000
• D) $130,000
• E) $180,000

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Definitions:

Middle-Class Culture

The set of values, attitudes, and practices associated with the middle class, a socioeconomic group between the working class and the wealthy, often characterized by a focus on education, employment stability, and family.

American Economy

Refers to the overall economic system of the United States, characterized by a mixed economy with private and public enterprise, and is one of the world's largest and most influential economies.

New Woman

A feminist ideal that emerged in the late 19th century, representing women who pursued greater personal freedom, education, and career opportunities.

1920s

A decade often referred to as the "Roaring Twenties," characterized by major economic growth, cultural developments, and significant social changes in the United States and Europe.