As of November 1, 2011 the annual gross median income figures for the State of Washington are:
Household of 1: $51,671
Household of 2: $61,919
Household of 3: $69,195
Household of 4: $80,404
Household of 5: $87,904
Household of 6: $95,404
Household of 7: $102,904
Household of 8: $110,404
If household greater than 8, add $7,500 per member per year.
The median income is important for bankruptcy purposes because it determines whether a debtor is subject to what is called the "means test". The means test is a formula that tells a debtor whether they are eligible for chapter 7 (despite being above median"), or whether they must file chapter 13 if they choose bankruptcy protection.
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