If the poverty threshold for a family of four is $24,000 and the Shoenfelds earned $21,000, their income deficit is _____ and their ratio of income to poverty is _____.

Question

Quizplus · Accepted Answer

The income deficit is the difference between the poverty threshold and the family's income, which is $24,000 - $21,000 = $3,000. The ratio of income to poverty is the family's income divided by the poverty threshold, which is $21,000 / $24,000 = 0.875.

If the Poverty Threshold for a Family of Four Is