To solve the problem, let's follow these steps:
1. Identify the Relevant Information:
- We are interested in a 3-person family living in Georgia.
- We need to find the 3-person income limit for Georgia from the table provided.
2. Locate the Income:
- From the table, the 3-person family income for Georgia is \[tex]$61,104 annually.
3. Convert Annual Income to Monthly Income:
- We need to divide the annual income by 12 to get the monthly income.
- \(\$[/tex]61,104 \div 12 = \[tex]$5,092\)
4. Determine the Condition for Filing Bankruptcy:
- According to the question, to file for Chapter 7 bankruptcy, we must consider certain monthly income thresholds.
- We need to check if the monthly income calculated for a 3-person family in Georgia is less than or more than given options.
5. Analysis of Options:
- Option a: The family's monthly income must be less than \$[/tex]5,092.
- The monthly income is exactly \[tex]$5,092.
- Therefore, this option is incorrect as the monthly income is not less than \$[/tex]5,092.
- Option b: The family's monthly income must be more than \[tex]$5,092.
- The monthly income is exactly \$[/tex]5,092.
- Therefore, this option is incorrect as the monthly income is not more than \[tex]$5,092.
- Option c: The family's monthly income must be less than \$[/tex]4,605.
- The monthly income is \[tex]$5,092, which is greater than \$[/tex]4,605.
- Therefore, this option is incorrect.
- Option d: The family's monthly income must be more than \[tex]$4,605.
- The monthly income is \$[/tex]5,092, which is indeed greater than \[tex]$4,605.
- Therefore, this option is correct.
Conclusion:
Based on the above steps and analysis, the correct answer is:
a. The family's monthly income must be less than \$[/tex]5,092.
