An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?
Answer (2)
Calculate the initial monthly income: 12 $91 , 215 = $7601.25 .
Calculate the reduced monthly income: $7601.25 − $3200 = $4401.25 .
Determine the monthly income threshold for a 3-person household in Virginia: 12 $74 , 151 = $6179.25 .
Since the reduced income ( $4401.25 ) is below the threshold ( $6179.25 ), they could file for Chapter 7 bankruptcy and discharge most of their debt. b
Explanation
Understanding the Problem We are given a scenario where a couple with one child (a 3-person household) in Virginia is facing potential bankruptcy. Their initial combined annual income is $91 , 215 , which is reduced by $3 , 200 per month when one of them loses their job. We need to determine which bankruptcy option is most suitable for them based on the provided income thresholds for Virginia.
Calculating Initial Monthly Income First, let's calculate the couple's initial monthly income by dividing their annual income by 12: 12 $91 , 215 = $7601.25
Calculating Reduced Monthly Income Next, we calculate their reduced monthly income after one of them loses their job: $7601.25 − $3200 = $4401.25
Determining the Monthly Income Threshold Now, we need to find the income threshold for a 3-person household in Virginia from the table. The table shows that the annual income threshold is $74 , 151 . To find the monthly income threshold, we divide the annual threshold by 12: 12 $74 , 151 = $6179.25
Comparing Income to Threshold We compare the couple's reduced monthly income ( $4401.25 ) to the monthly income threshold ( $6179.25 ). Since their reduced income is below the threshold, they might qualify for Chapter 7 bankruptcy.
Analyzing Bankruptcy Options Chapter 7 bankruptcy involves liquidating assets to pay off debts, and it can discharge most, but not all, of their debt. Chapter 13 bankruptcy involves creating a repayment plan, and it discharges some debt after the plan is completed. Since their income is below the threshold, Chapter 7 is a possible option, and it discharges most of their debt.
Conclusion Therefore, the most accurate statement is that they could file for Chapter 7 bankruptcy and discharge most of their debt.
Examples
Consider a family facing financial difficulties due to job loss and mounting debt. Understanding bankruptcy options, like Chapter 7 and Chapter 13, can provide a pathway to financial recovery. Chapter 7 involves liquidating assets to discharge most debts, while Chapter 13 allows for a repayment plan. By comparing their income to state-specific thresholds, families can determine which option best suits their situation, offering a chance to rebuild their financial stability. This knowledge empowers individuals to make informed decisions and navigate challenging economic times.
In 30 seconds, an electric device delivering 15.0 A current allows approximately 2.81 x 10^{21} electrons to flow through it. This is calculated by determining the total charge flowing and then dividing by the charge of a single electron. Using these principles from physics helps us understand how electric currents translate to the movement of charge, represented by electrons.
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