Stephen lives in Texas and makes $48,000 a year. If the median annual income in Texas is $51,205 and the median annual income in the United States as a whole is $50,233, is Stephen likely to qualify for Chapter 7 bankruptcy?

A. Yes, Stephen is likely to qualify, since his yearly income is below the median annual income of Texas.

B. No, Stephen is not likely to qualify, since his yearly income is above the median annual income of the United States as a whole.

C. Yes, Stephen is likely to qualify, since his yearly income is above the median annual income of the United States as a whole.

D. No, Stephen is not likely to qualify, since his yearly income is below the median annual income of Texas.

Question

Cade Mueller

8 July, 10:13

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Ignacio Arellano · Answer 1

Stephen is likely to qualify since his annual income is less than the median income of Texas.