Scenario B Meet the Carters. Chantel and Chad are newlywed living in NYC trying to make it at the American Dream. They met at NYU in their first year business class. Now they own a popular Cafe in Manhattan. The past few years, sales have been really good, and their annual salary was $80,000 from the business and Chantel's part-time job. Unfortunately, last year there was a fire at their shop, so much of their revenues and savings have gone into fixing up the place. Their only source of income now is from Chantel's part time job. Below are the Carter's monthly finances. Paycheck $200 0 Income Taxes $222 Mortgage $250 0 Utilities $200 Work Expenses $60 Health Insurance $200 Groceries/Food $360 Clothing $200 Cell Phone Bill $100 One day, Chad was called and asked, "what is the bare minimum annual income you think you need to live comfortably?" He replied $90,000. Furthermore, some economists determined that Chad & Chantel's NEC = $88,900 since they both have college degrees and the Official USDA Food Plan costs $4,200 annually in New York City for a married couple. From this information, determine their poverty status for each poverty measure we discussed in class. Think about what is included in "resources" and what is the threshold for each measure. OPM - SPM | Potential Consumption | Self- | Relative Income Based Assessment Poverty Measure