Answer:
their annual income is below $24,250
Step-by-step explanation:
Poverty line or threshold can simply be referred to as the amount of income that is needed to adequately meet the annual basic needs, such as food, clothing, and shelter, of an individual or a family size of usually four people.
Poverty line is one of the metrics mostly used to measure poverty level of a country or state, and it varies from one country to another. Developed countries usually have a higher poverty line compared to underdeveloped or developing countries.
According to the January 2016 Poverty Guidelines stated by the U.S Department of Health and Human Services, the poverty line or threshold given for a family size of four people, is stated as US$24,250. This means, an annual income of US$24,250 is needed to adequately cater for the basic needs of the family of four.
- Since it is stated that Candace and Bill, having two children, had an annual household income that was below poverty line in 2016, we can infer that their annual income is below US$24,250.