Question

Shawna lives in Alaska and makes $66,500 a year. If the median annual income is $68,460 in Alaska and $50,233 in the United States as a whole, is Shawna likely to qualify for Chapter 7 bankruptcy?A. Yes, Shawna is likely to qualify, because her yearly income is below the median annual income of Alaska.B. No, Shawna is not likely to qualify, because her yearly income is above the median annual income of the United States as a whole.C. No, Shawna is not likely to qualify, because her yearly income is below the median annual income of Alaska.D. Yes, Shawna is likely to qualify, because her yearly income is above the median annual income of the United States as a whole.

Answer 1

Yes, Shawna is likely to qualify, because her yearly income is below the median annual income of Alaska

Answer 2

Option A is correct.

Explanation:

Given scenario is - Shawna lives in Alaska and makes $66,500 a year and the median annual income is $68,460 in Alaska.

So, Yes, Shawna is likely to qualify for chapter 7 bankruptcy because her yearly income is below the median annual income of Alaska.

A person qualifies for chapter 7 bankruptcy if his annual income is below the median annual income of his state. So, as per the definition, option A is true.