Comprehensive Problem $2-$ Part $4$: Form $8962,$ Form $8995,$ Form $7206$ and Worksheet A$-2023$ EIC

Note: This problem is divided into four parts. You will need to complete some of the forms in the other parts in order to determine the amounts to be used on Form $1040.$ Some of the data information will be reproduced in the other parts for convenience.

Follow the specific rounding instructions provided at the beginning of each form or schedule. If an amount box does not require an entry or the answer is zero, enter $"0".$ Enter all amounts as positive numbers unless instructed otherwise.

Information regarding these forms has been reproduced below:

Jeanette was not eligible for health care benefits due to the part$-$time nature of her job, thus health insurance for the Boyd household was purchased by Boyd.

The Boyds are not eligible for an exemption from coverage. The Boyds purchased health insurance through the Covered California program and received the Form $1095-$A$.$ They had no other health insurance during $2023.$

Assume that the self$-$employed health insurance deduction is $$0.$

The Boyds were not paid an advance premium tax credit.

Click here to access the completed Form $1095-$A to use when completing Form $8962.$

Table for Federal Poverty Line

Persons in Family$/$Household$2023$ FPL for $48$ States and DC$1$$$12,700217,420321,960426,500532,470635,580740,120844,660$Each additional person$+4,540$The household income is then expressed as a percentage of the FPL$.$ In $2023,$ if the taxpayer $($or spouse, if filing jointly$)$ received unemployment compensation at any time during the year, the household income as a percentage of the FPL is set at $133$ percent regardless of actual income.

Table for Repayment of the Credit Amount

SingleTaxpayers Other

Than SingleLess than $200\%$$$325$$$650$At least $200\%$ but less than $300\%8251,650$At least $300\%$ but less than $400\%1,4002,800$At least $400\%$No limitNo limit

Click here to access the $2023$ Applicable Figure Table.