Table 20-11 Poverty Thresholds in 2011, by Size of Family and Number

question 286

Multiple Choice

Table 20-11
Poverty Thresholds in 2011, by Size of Family and Number of Related Children Under 18 Years
[Dollars] Source: U. S. Bureau of the Census, Current Population Survey.
-Refer to Table 20-11. What is the poverty line for a 75-year-old individual?

• A)$10,788
• B)$11,702
• C)$13,596
• D)$15,446

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Definitions:

Punitive Damages

Monetary compensation awarded in lawsuits as a punishment to the defendant for egregious or harmful conduct, beyond compensatory damages.

Rescission

The act of revoking, cancelling, or annulling a contract, returning all parties involved to their positions prior to the agreement, often due to misrepresentation, fraud, or mutual mistake.

Materiality

The significance of information or an event in influencing decisions or actions based on its potential impact.

Innocent Misrepresentation

A false statement made by one party to another without knowing it was false, which may lead to the rescission of a contract.