The equation y = 1.55x + 110,419 approximates the total amount, in dollars, spent by a household to raise a child in the United States from birth to 17 years, given the household's annual income, x. Assume the household's total cost of raising a child is $197,219.
What is the household's annual income?
a. $48,000
b. $56,000
c. $62,000
d. $68,000
