An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?
Answer (2)
Determine the household size: 4-person household.
Calculate the reduced annual income after job loss: $71,530.
Compare the reduced income to the Missouri 4-person household income threshold: $71,059.
Conclude that Chapter 13 bankruptcy, discharging some debt, is the most likely option: d .
Explanation
Problem Analysis We are given a scenario involving a couple with two children living in Missouri and facing potential bankruptcy. Their initial combined annual income is $96,730, but it decreases by $2,100 per month if one of them loses their job. We need to determine which bankruptcy option is most suitable for them based on their income and the provided table of state-specific income thresholds.
Determining Household Size and Income Threshold First, we need to determine the household size. The couple has two children, making it a 4-person household. According to the table, the income threshold for a 4-person household in Missouri is $71,059.
Calculating Monthly and Reduced Annual Income Next, we calculate the couple's monthly income before and after the job loss. The initial monthly income is: 12 $96 , 730 = $8 , 060.83 After one person loses their job, the monthly income is reduced by 2 , 100 : $8 , 060.83 − $2 , 100 = $5 , 960.83 T h e n , w ec a l c u l a t e t h ere d u ce d ann u a l in co m e : $5 , 960.83 × 12 = $71 , 530 $
Comparing Income to Threshold Now, we compare the couple's reduced annual income ($71,530) to the Missouri 4-person household income threshold ($71,059). Since their reduced income is slightly above the threshold, it suggests they may not automatically qualify for Chapter 7 bankruptcy based on income alone. However, other factors such as assets and debts also play a role in determining eligibility.
Evaluating Bankruptcy Options Chapter 7 bankruptcy involves liquidating assets to pay off debts, and it can discharge most debts. Chapter 13 bankruptcy involves creating a repayment plan over a period of time (typically 3-5 years). Given that their income is slightly above the threshold, and they have debts like a mortgage, car loan, student loans, and credit card debt, Chapter 13 might be a more viable option, where they can discharge some of their debt after completing the repayment plan.
Conclusion Based on the analysis, the most accurate statement is that they could file for Chapter 13 bankruptcy and discharge some of their debt.
Examples
Understanding bankruptcy options is crucial when facing financial hardship. For instance, if a family experiences a sudden job loss and struggles to manage their debts, knowing whether they qualify for Chapter 7 (liquidation) or Chapter 13 (repayment plan) can significantly impact their financial future. This decision depends on factors like income, assets, and debt levels, and it's essential to compare these against state-specific thresholds to determine the best course of action. Bankruptcy provides a legal framework to either eliminate or restructure debt, offering a fresh start for individuals and families.
In an electric device delivering 15.0 A for 30 seconds, the total charge that flows is 450 Coulombs. This amount of charge corresponds to approximately 2.81 x 10^{21} electrons flowing through the device. Therefore, around 2.81 trillion trillion electrons pass during this time period.
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