[quote=CA renter]Please read that post again. I included the costs for both preschool AND after-school care for when they were all in “free” (not free…somebody else is paying actual money for that!) school.
And the prices were not just for in-home daycare. They included both in-home and care at the school site or other institution (like the YMCA’s own preschool).
The numbers are all there, but the taxes were understated (by quite a bit, if the other spouse earns a decent income) because I didn’t count the first income. You keep insisting that you don’t see them, but all you have to do is look. I’ve done all the work for you![/quote]
[quote=CA renter]Edited to add some quick, back-of-the-envelope numbers. Please double check my numbers, as I did this quickly.
If a woman has a gross income of $45,000…[/quote]
Okay, I found the above edit to your post near the top of the page before this one. It was not there when I first read it and I have a couple of appts tomorrow morning so can’t address it now.
Just a couple of observations: Your “subject” makes $45K (a grunt worker/worker-bee salary) yet you stated:
Childcare (3 kids)
, with one infant, one toddler, and preschool…and this is one of the less expensive options, as most professionals would want a “better”/more prestigious preschool option (using North County Coastal numbers…weekly expense X 50 weeks/12 to get a monthly number, allowing for 2-week vacation)
Childcare: $3,118.05/month
A “better”/more prestigious preschool (Montessori?) is clearly out of this worker’s league. A $45K worker is not in the group of “most professionals” and is not even a professional at all! Regardless of what you say here that they “wanted,” they wouldn’t be able to afford what you consider a “better” preschool option. Your subject worker makes $10K LESS than my subject worker who has 3 kids of similar ages and takes home at 30-50% of their gross income. Your subject likely needs to get at least one kid in school most of the day (1st grade) before attempting to work FT if the salary level they can command is $45K. It is even possible (depending on partner income) that this worker can qualify for a childcare subsidy and most certainly to use $6,000 of their childcare expense to claim the childcare tax credit on their Federal return.
I haven’t checked your payroll taxes or any of your figures yet but will attempt to do so tomorrow afternoon. What is the filing status of your subject?
