Afamily of 2 that has a monthly income of $4,650 is thinking about filing bankruptcy. in order to file for chapter 7 bankruptcy, in which of the following states could the family be living?

state single-earner 2-person 3-person 4-person
florida $41,226 $52,259 $58,574 $69,009
georgia $40,691 $55,258 $61,104 $68,502
missouri $39,645 $51,568 $60,371 $71,059
texas $38,940 $55,859 $59,222 $66,381
virginia $48,362 $65,122 $74,151 $85,939

a. georgia or florida
b. florida or texas
c. georgia or virginia
d. virginia or texas

Texas or Virginia.

Step-by-step explanation:

In this question monthly earning of the family is given as $4650 for 2 persons.

So annual earning of the family will be = $4650×12 = $55800

Given in the table minimum annual earning of Virginia for 2 persons is $65122 and for Texas is $55859.

According to these data annual earning of a family is much higher to live in Florida, Georgia and Missouri but low for Texas and Virginia.

So family is living either in Texas or Virginia.

8y^50

step-by-step explanation:

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