Sylvia Earns $7

question 2

Multiple Choice

Sylvia earns $7.25 per hour, the minimum wage in much of the country in 2014. She works full-time, year-round, and earns about $15,000 annually. This profile places her within which group?

• A)working poor
• B)non-working poor
• C)the underclass
• D)the poverty gap

Recognize the application of federal exemptions in bankruptcy cases.

Grasp the nature and legal implications of reaffirmation agreements in bankruptcy.

Understand the eligibility and procedural requirements for filing under various bankruptcy chapters (e.g., Chapter 7, 11, 12, 13).

Distinguish between dischargeable and nondischargeable debts in bankruptcy filings.

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Definitions:

Breakdown Maintenance

A reactive maintenance strategy that involves repairing or restoring equipment only after it has failed.

Preventive Maintenance

Regular and routine maintenance to help keep equipment running smoothly and prevent any unplanned downtime due to unexpected equipment failure.

Equipment

The machinery, tools, and devices necessary for conducting an operation or task.

Machinery

Machines collectively or a single machine, especially those used in industrial or agricultural processes.