To determine the criteria that a family of three living in Georgia must meet to file for Chapter 7 bankruptcy, we need to examine the monthly income and compare it to the given options.
First, let's review the annual income for a 3-person family in Georgia provided in the table:
[tex]\[
\text{Annual Income for 3-person family in Georgia} = \$ 61,104
\][/tex]
Next, we convert this annual income to a monthly income by dividing by 12:
[tex]\[
\text{Monthly Income} = \frac{61,104}{12} = 5,092
\][/tex]
Now, we consider the threshold options for Chapter 7 bankruptcy:
1. The threshold threshold option [tex]\(a\)[/tex] is \[tex]$ 5,092.
2. The threshold threshold option \(c\) is \$[/tex] 4,605.
According to the given answers, one of the conditions must be true:
- If the family’s monthly income is less than \[tex]$ 5,092, they can file for Chapter 7 bankruptcy (option a).
- If the family’s monthly income is less than \$[/tex] 4,605, they can also file for Chapter 7 bankruptcy (option c).
Here are the given conditions and correct comparisons:
- [tex]\(a\)[/tex]. The family's monthly income must be less than \[tex]$ 5,092.
- \(c\). The family's monthly income must be less than \$[/tex] 4,605.
Since their calculated monthly income is exactly \[tex]$ 5,092:
- Option \(a\) (\$[/tex] 5,092) is a correct threshold since their monthly income falls exactly at the limit.
- Option [tex]\(c\)[/tex] (\[tex]$ 4,605) cannot be true since the monthly income (\$[/tex] 5,092) is greater than \[tex]$ 4,605.
Thus, the correct answer is:
\(a\). The family's monthly income must be less than \$[/tex] 5,092.
