(Solved): Table 20-3 The Distribution of Incotne in Edgerton Refer to Table 20-3. According to the table, wha ...

Table 20-3 The Distribution of Incotne in Edgerton Refer to Table 20-3. According to the table, what percent of families in Edgerton have income levels below \( \$ 69,000 \) ? a. 80 pereent. b. 40 percent. c. 20 percent. d. 60 percent. Number in Poverty and Poverty Rate: 1959 to 2017 . Refer to Figure 20-1. The absolute number of people in poverty a. is much lower in 2017 than in 1959. b. has not changed much between 1959 and 2017. c. has steadily decreased between 1959 and 2017. d. is much higher in 2019 than in 1959. Table 20-1 The following table shows the distribution of income in Choochooville. Refer to Table 20-1. If the poverty line were \( \$ 45,352 \), what would be the poverty rate? a. Between \( 25 \% \) and \( 50 \% \) b. Between \( 50 \% \) and \( 75 \% \) c. Less than \( 25 \% \) d. There is insufficient information to answer this question. Suppose the government itrplemented a negative income tax and used the following formula to compute a family's tax liability: Taxes owed \( =(1 / 5 \) of income \( )-\$ 18,000 \) Refer to Scenario 20-3. A family caming \( \$ 80,000 \) before taxes would have how much after-tax income? a. \( \$ 82,000 \) b. 578,000 c. \( -52,000 \) d. 564,000