recognizing the correlation between education and income\nif the average cost of raising a child is $16,900…

recognizing the correlation between education and income\nif the average cost of raising a child is $16,900 per\nyear, and the cost of living is $28,500 without a child,\nwhich levels of education would provide the income to\ncomfortably raise a child? check all that apply.\nassociates degree\nhigh school diploma\ndoctoral degree\nbachelors degree\nsome college

recognizing the correlation between education and income\nif the average cost of raising a child is $16,900 per\nyear, and the cost of living is $28,500 without a child,\nwhich levels of education would provide the income to\ncomfortably raise a child? check all that apply.\nassociates degree\nhigh school diploma\ndoctoral degree\nbachelors degree\nsome college

Answer

Explanation:

Step1: Calculate the total cost

The total cost of living with a child is the sum of the cost of living without a child and the cost of raising a child. So, (28500 + 16900=$45400)

Step2: Compare the median annual wages

We need to check which median annual wages are greater than or equal to ($45400)

  • Associate's degree: ($55870\geq$45400)
  • High - school diploma: ($39070<$45400)
  • Doctoral degree: ($110160\geq$45400)
  • Bachelor's degree: ($78020\geq$45400)
  • Some college: ($37770<$45400)

Answer:

associate's degree, doctoral degree, bachelor's degree