Table 20-11 Poverty Thresholds in 2011, by Size of Family and Number

question 476

Multiple Choice

Table 20-11
Poverty Thresholds in 2011, by Size of Family and Number of Related Children Under 18 Years
[Dollars] Source: U. S. Bureau of the Census, Current Population Survey.
-Refer to Table 20-11. What is the poverty line for a family of six with three children?

• A)$29,494
• B)$31,005
• C)$32,181
• D)$26,844

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Definitions:

Straight-Line Depreciation

A method of calculating the depreciation of an asset, where the cost is evenly distributed over its useful life.

Prior Period Adjustment

A correction of errors in financial statements of previous periods that were not discovered until the current period.

Capitalized Amount

The total cost of a capital asset that is recognized for accounting purposes, including acquisition costs and expenses incurred to bring the asset to its usable condition.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts as a percentage of work completed during the period.