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Income deficit and the income to poverty ratio

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Reference no: EM131301380

The following households each have four persons. Their annual incomes are:

Aikens: $25,600

Browns: $21,800

Carlyles: $18,500

Donaldsons: $11,300

Poverty threshold fora household is $23,000 for four. Calculate the income deficit and the income to poverty ratio for each family. Classify each family as poor, nearpoor, or severely poor.

Reference no: EM131301380

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