Dwayne is single with one dependent. He enrolled in a qualified plan through the Marketplace at a

Question:

Dwayne is single with one dependent. He enrolled in a qualified plan through the Marketplace at a cost of $4,200 per year. His household income was $40,000. The SLCSP premium is $4,700. What is Dwayne’s premium tax credit?

a. $1,416

b. $3,264

c. $4,200

d. $4,700

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

See More Books

Question Posted: Nov 19, 2018 12:46 PM

See More Questions

Dwayne is single with two dependents. He enrolled in a qualified plan through the Marketplace at a cost of $4,200 per year. His household income was $43,730. The SLCSP premium is $4,950. What is...
1. Consider a two-ray channel with impulse response h(t) = 8(t) + 8(t 0.022s). Find the distance separating the transmitter and receiver, as well as and , assuming free-space path loss on each path...
Jessica, who is single with one familial dependent, has the following for the calendar year 2019: RECEIPTS FOR YEAR Salary as Business Consultant (part-time)... ..$24,200 Interest from Friendly...
Madison Company and Orwell Corporation are competitors. Compare the two companies by converting their condensed income statements to common-size statements. Which company earned more net income?...
Refer to Exercise 4.65. Among the events A, B, C, and D, identify the collections of events that are mutually exclusive.
On August 3, Cinco Construction purchased special-purpose equipment at a cost of $1,000,000. The useful life of the equipment was estimated to be eight years, with an estimated residual value of...
Suppose that the price received for gold extracted from time $k$ to $k+1$ is the average of the price of gold at these two times; that is, $\left(g_{k}+g_{k+1} ight) / 2$. However, costs are...
On August 31, 2016, Bouquet Floral Supply had a $170,000 debit balance in Accounts Receivable and a $6,800 credit balance in Allowance for Bad Debts. During September, Bouquet made the following...
In an initial discussion forum post, describe the key elements of channel design and business service marketing. Next, explain why it is important for a marketing manager to understand business...
Given a Q-point of IDQ = 3 mA and VGS = -3 V, determine IDSS if VP = -6 V.
(a) In what ways is the introduction of recombinant DNA molecules into host cells similar to mutation? (b) In what ways is it different?
Allison is paid $1,325 per week. What is the amount of federal income tax withheld from Allisons paycheck under the following conditions? Use the percentage method table in the Appendix to this...
Determine whether each of the figures in Problems 30-37 will be a solution to an Instant Insanity puzzle.
A taxpayer purchased used business equipment on November 20, 2016, for $100,000. The equipment was sold for $60,000 on August 25, 2018. Depreciation information is as follows: Accelerated...
Typical home buyers in the United States either move or refinance their home loans on average roughly every five years. In class we discussed like in the game of Candy Land going backwards is not a...
your grandfather charles is a widower. he received $2024 per month social security for all of 2019. his only other source of income is part time job at the local library. he receives a w-2 for $14100...
The classification of intangible assets includes goodwill. Current FASB practice states that goodwill cannot be created, added to, or depreciated or amortized. Some companies have increased their...
What is a example on how a company can use postponement capabilities in a supply chain?
A centrifugal water pump operates at 1500 rpm. The dimensions follow: r 1 = 12 cm........... 1 = 32 o r 2 = 20 cm........... 2 = 20 o L = 4.2 cm Determine (a) the design point discharge rate, (b) the...
Which provision could best be justified as encouraging small business? a. Ordinary loss allowed on $ 1244 stuck. b. Percentage depletion. c. Domestic production activates deductions. d. Interest...
Under what conditions is an accrual-basis taxpayer allowed to defer reporting advance payments received for services?
a. Is the interest received from government obligations taxable? Explain. b. What impact does the fact that some bond interest is tax exempt have on interest rates? c. Is an investor always better...
Corporations are taxed on the income they earn, and shareholders are taxed on the dividends they receive. What provisions in the tax law reduce this double tax burden?
After you've completed this week's assigned reading, watch the video below. Next, respond to the Discussion questions underneath. Your first post should answer those questions and should be made by...
Factorize (x4 - 20x + 100)
Paragraph discussing food insecurity in the United States. What agencies in the federal government play an important role in ameliorating this situation? What groups of people are at particular risk?

Dwayne is single with one dependent. He enrolled in a qualified plan through the Marketplace at a

Question:

Step by Step Answer:

a 1416 Dwaynes household income is 251 of the Federal Poverty Level for a ...View the full answer

Fundamentals Of Taxation 2018

Students also viewed these Business questions