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Question

What is 85% of 2009 Oklahoma state median income for family sizes 1 to 6? I don't want 60% or 75% liheap.

Submitted: 288 days and 6 hours ago.
Category: Finance
Value: $15
Status: CLOSED
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Accepted Answer

Hello bizhub

Here are the 2009 median incomes in Okalahoma broken down by family size and then I have calculated what 85% is of each bracket:

Family of one - $38,244 -- (85% = $32,507)
Family of two - $51,322 -- (85% = $43,624)
Family of three - $54,494 -- ((85% = $52,742)
Family of five - $68,949 -- (85% = $58,607)
Family of six - $75,849 -- (85% = $64,472)

If this was helpful please press the Accept button. Positive feedback is also greatly appreciated.

Thank you bizhub, and let me know if you have more questions on this.

Merlo39971.0594641204

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Expert: Merlo
Pos. Feedback: 100.0 %
Accepts: 1
Answered: 6/7/2009

Accountant

25+ years Tax and Financial Cosultant

288 days and 4 hours ago.

Reply

Thank you. Family size 3 doesn't look right. Also very close to family size 4 at $55,031

Posted by Merlo 287 days and 18 hours ago.

Info Request

Hello again biz,

I apologize. When I first posted my answer I saw that I had a typo so I went back in to edit my post. When I did, it totally messed up my post and I did not even notice that #3 was now wrong and #4 was missing. Here is what the info should have read.

Family of one - $38,244 -- (85% = $32,507)
Family of two - $51,322 -- (85% = $43,624)
Family of three - $54,494 -- ((85% = $46,320)
Family of four - $62,049 -- (85% = $52,742)
Family of five - $68,949 -- (85% = $58,607)
Family of six - $75,849 -- (85% = $64,472)

Just so you have the reference, here is the table I used to get the state median incomes.

http://www.usdoj.gov/ust/eo/bapcpa/20090315/bci_data/median_income_table.htm

Biz, I feel bad that this question was not answered properly the first time around. So simply to not hit the Accept button and that way your account should not be charged. I do not want you paying for this question, as I should have noticed that my post was wrong when I made the edit.

Thank you biz, and let me know if you have more questions on this.


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