Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mey Chen (31) is single with no dependents. Her modified gross income is $40,000. She did not have health insurance for all of 2022, and

Mey Chen (31) is single with no dependents. Her modified gross income is $40,000. She did not have health insurance for all of 2022, and she does not qualify for an exemption. What is the amount of her Individual Shared Responsibility Penalty?

A: $477

B: $850

C: $1,000

$0 (Zero) is not a correct answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Finance And Investment

Authors: Terrence M. Clauretie, G. Stacy Sirmans

8th Edition

1629809942, 9781629809946

More Books

Students also viewed these Finance questions

Question

Do you believe that Matilda overreacted to James? Why or why not?

Answered: 1 week ago