Determine whether the spending pattern described is at, above, or below the national average. Assume that any salariesor wages are after tax.
-A couple in their forties with a combined household income of $56,000 per year spends $400 per month on health care.

Question

Determine whether the spending pattern described is at, above, or below the national average. Assume that any salariesor wages are after tax. 
-A couple in their forties with a combined household income of $56,000 per year spends $400 per month on health care.

Quizplus · Accepted Answer

For a couple in their forties, spending $400 per month on healthcare is considered above average, especially when considering the median household income and typical healthcare spending statistics in the United States. Generally, healthcare costs vary widely, but for a household earning $56,000 annually, $400 monthly can be considered a significant portion of their income, indicating higher than average healthcare spending.

Determine Whether the Spending Pattern Described Is At, Above, or Below