On January 1, 2016, Brooke Daniels who is single started a new job. She was eligible for

Question:

On January 1, 2016, Brooke Daniels who is single started a new job. She was eligible for health insurance but, decided not to take the insurance offered by her employer. She did not require any medical procedures during the year and therefore, paid nothing for healthcare costs. Her family income for the year was $35,000. Will Brooke have to pay a tax penalty? If so, how much?

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

Step by Step Answer:

Related Book For  book-img-for-question

Personal Finance

ISBN: 978-1259720680

12th edition

Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart

Question Posted: