In the United States, the Poverty Line Is Calculated by

question 87

Multiple Choice

In the United States, the poverty line is calculated by

• A) estimating the minimum income to maintain working-class status.
• B) estimating the percentage of households living in relative poverty.
• C) determining the income cut-off for the lowest 20 percent of households.
• D) determining the minimum amount of money needed for food and multiplying it by three.

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Definitions:

Partnership Property Rights

entail the legal interests and entitlements in property held by a partnership, distinct from the personal property of the individual partners.

Personal Debt

Debt incurred for personal, as opposed to business, needs, including credit card debt, mortgages, and personal loans.

Profits Distribution

The allocation of a company's earnings to its shareholders, often in the form of dividends.

Capital Contributed

The amount of money or assets that shareholders have invested in a company.