If the poverty line in 2017 for a family of four was $24,600, which of the following is correct?

Question

Quizplus · Accepted Answer

The poverty line is the income level below which one is considered to be living in poverty. It does not include the cost of a minimal diet or cover lost income. According to the Thrifty Food Plan, which is used to calculate the cost of a minimal diet, the monthly cost for a family of four in 2017 was $485. Therefore, the yearly cost would be $5,820, which is closest to option B ($6,150 being the closest option).

If the Poverty Line in 2017 for a Family of Four