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Part 1 - Badgeting on a Poverty line Income In 2022 , the poverty line...

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Part 1 - Badgeting on a Poverty line Income In 2022 , the poverty line was defined as an income of $13,590 or less per year for an individual under the age of 65 . In estimating the poverty line, the government assumes that onethard of income will be spent on food. 1. How much of the $13.590 income will be spent for food in a year? In a day? How much would you manage to eat on this amount every day? 2. If your annual income is 513,590 , then your monthly income would be approximately 51,133 . If you use onc-third of your income on food, how would you allocate your monthly income of 51,133 between the categories of expenditures listed in the following table? 3. Research and estimate your future income when you finish college and begin working full-time in your chosen oceupation. How does the poverty budget you completed in question 42 compare with the budget you hope to have in the future

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