Describe the tax costs to a taxpayer who does not purchase health insurance coverage for 2017. Assume
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Describe the tax costs to a taxpayer who does not purchase health insurance coverage for 2017. Assume the taxpayer is single, 40 years old, has no dependents, has household income of $55,000, and does not meet any of the conditions to be exempt from the tax.
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The excise tax imposed will equal the smaller of the calculated p...View the full answer
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Related Book For
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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