(I) in 2009, a Family of Four Making $22,050 Would

question 60

Multiple Choice

(I) In 2009, a family of four making $22,050 would be considered living in poverty. (II) The poverty threshold level of income is adjusted for family size and for inflation (price level changes) through time.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) II is true; I is false.

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Definitions:

Business Contracts

Legally binding agreements between two or more parties that outline terms and conditions related to business transactions.

Criminal Liability

The legal responsibility or obligation of an individual who has committed a crime, subjecting them to prosecution and punishment.

State of Mind

The particular condition or mood a person is in at any given time, often relevant in determining intent in legal contexts.

Intent

The purpose or aim behind an action, demonstrating a conscious decision to perform that particular act.