Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mike is 45 and made $36,000 in wages in 2016. He is single and pays all the cost of keeping up his home. Mike's daughter,

Mike is 45 and made $36,000 in wages in 2016. He is single and pays all the cost of keeping up his home.

Mike's daughter, Brittany, lived with Mike all year.

Brittany's son, Hayden, was born in November 2016. Hayden lived in Mike's home since birth.

Brittany is 18, single, and had $1,700 in wages in 2016.

Mike provides more than half of the support for both Brittany and Hayden.

Mike, Brittany, and Hayden are all U.S. citizens with valid Social Security numbers.

Mike and Hayden had health insurance that qualified as minimum essential coverage. Brittany did not have health insurance at all in 2016.

5. Brittany did not have health insurance at all in 2016. How does this affect Mikes return?
A. There is no effect because Mike cannot claim Brittany as a dependent.
B. Mike must claim a coverage exemption for Brittany or make a shared responsibility payment.
C. It does not affect Mikes return. Brittany will have to claim a coverage exemption or make the shared responsibility payment on her own return.
D. It doesnt affect Mikes return because Brittany is 18 years old.

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

Excel Para Auditores Aplicando Excel A La Auditoria

Authors: Antonio P. Peralta C.

1st Edition

9945803697, 978-9945803693

More Books

Students also viewed these Accounting questions