If Toby Roberts Has an Income of $30,000,pays $6,000 in Rent,$1,200

question 105

Multiple Choice

If Toby Roberts has an income of $30,000,pays $6,000 in rent,$1,200 in utilities,and $5,000 in taxes per year,his disposable income is

• A) $7,800.
• B) $14,000.
• C) $9,000.
• D) $25,000.
• E) $20,000.

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Definitions:

Welfare Reform Act

Legislation aimed at changing the welfare system by encouraging work, limiting the duration of benefits, and supporting families.

Poverty Rate

The poverty rate measures the proportion of a population living below the poverty line, indicating the percentage of people whose income falls below a threshold necessary for basic living standards.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the proportion of individuals or families with income levels insufficient to meet basic living expenses.

Homeless

The homeless are individuals who lack stable, permanent, and adequate housing.