What Is the Poverty Rate

question 39

Multiple Choice

What is the poverty rate?

• A)the rate at which the number of people relative to the size of the population fall below the poverty line
• B)the percentage of the population earning an annual income below the low income cut-off
• C)the percentage of working adults whose annual income is sufficiently low as to be are exempt from paying income taxes
• D)the percentage of households who qualify for government assistance to meet the minimal requirement for adequate nutrition

---

Definitions:

Lease Payment

Periodic payments made by a lessee to a lessor for the use of an asset.

Net Advantage to Leasing

A financial concept that compares leasing to purchasing, calculating the costs saved or incurred over the lease term.

Equipment Cost

The total expenditure incurred to purchase, install, and make operational a piece of equipment.

CICA

Canadian Institute of Chartered Accountants, responsible for setting accounting and auditing standards in Canada.