Calculating 125% above poverty level

[metinspain 0]

I like to think that I am reasonably good at math, so I feel like a complete dolt for asking this.... what is the correct way to calculate income 125% above the poverty level?

The way I see it, there are 2 possible ways to calculate this. It's either:

2 times the poverty level PLUS 25%

OR

25% higher than the poverty level

According to http://aspe.hhs.gov/poverty/06poverty.shtml, the 2006 poverty level for a household of 2 in Illinois is $13,200. So does that mean that I (or my co-sponsor) have to meet a minimum of $29,700 or is it $16,500?

I think the stress of filling out these forms is impairing my mathematical skills! Thanks for your help. (This seriously rates as my most embarrassing post to date.....)

Edited February 10, 2006 by metinspain

[I'm Gone 60]

It's not 125% above PL. It's 125% of PL

PL x 1.25 = 125% of PL

[jennieh 0]

I wounder why I can never seem to get this link to work anymore??

[metinspain 0]

It's not 125% above PL. It's 125% of PL

PL x 1.25 = 125% of PL

Gotcha...that makes sense! Thanks very much.

[Jasman0717 9]

It's not 125% above PL. It's 125% of PL

PL x 1.25 = 125% of PL

ditto - $16,500

[metinspain 0]

Ahh, I love this forum! Thanks for the help.

[zyggy 9]

Ahhh the simple joys of math....

[eau_xplain 2]

Easiest way is to just click here and pull up the form. All the numbers are there.