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Glenn, 54, and Sheila, 47, are married, have a daughter, and have a household income of $150,683. During 2020, they did not have health coverage
Glenn, 54, and Sheila, 47, are married, have a daughter, and have a household income of $150,683. During 2020, they did not have health coverage and they were not eligible for an exemption from coverage for any month of the year. $49,763 is the state filing threshold for a married couple, both under 65 years old with one dependent for tax year 2020. When Glenn and Sheila file their California tax return, they will have to pay an Individual Shared Responsibility Penalty for what amount?
A. $0
B. $1,872
C. $2,523
D. $3,000
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