MC$\mathrm{.}07-035$

Phillip and Naydeen Rivers are married with two dependent children. The family has household income of $$41,200$ in $2022.$ They paid $$11,000$ for health care for the year through the health care exchange. A designated silver plan would have cost $$9,800,$ and the poverty level for a family of four is $$26,500.$ The applicable percentage is $0\mathrm{.}24$ percent. What is the Rivers' premium tax credit?

$$ a$.$ $$505$

$$ b$.$ $$9,701$

$$ c$.$ $$2,352$

$$ d$.$ $$7,909$