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The Means Test Uses a Complex Formula That Measures an Individual's

question 2

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The means test uses a complex formula that measures an individual's income relative to the median income of the people in the state where he or she resides.


Definitions:

Document of Title

A legal document evidencing the right to control the disposition of goods, such as a bill of lading or warehouse receipt.

Storage of Goods

The act of keeping goods in a space designated for their preservation or until they are sold or distributed.

Warranties

Promises or guarantees made by a seller regarding the quality, condition, or performance of a product.

Insurance Contracts

Legal agreements between an insurance company and a policyholder that define the claims which the insurer is legally required to pay.

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