Problem 7-15 The Affordable Care Act (LO 7.4) Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2022, Susan's income is $43,120 and Stan's is $12,000 and both are selfemployed. They also have $500 in interest income from tax-exempt bonds. The Collins enrolled in health insurance for all of 2022 through their state exchange but did not elect to have the credit paid in advance. The 2022 Form 1095-A that the Collins received from the exchange lists the following information: Compute the Collins' premium tax credit for 2022. Click here to access the 2022 FPL table. Click here to access the 2022 Applicable Figure Table . Round any division to two decimal places before converting to a percent. If required, round your final answer to the nearest dollar. $x \begin{tabular}{|cc} \hline Persons in Family/Household & 2022 FPL for 48 States and DC \\ 1 & $12,880 \\ 2 & 17,420 \\ 3 & 21,960 \\ 4 & 26,500 \\ 5 & 31,040 \\ 6 & 35,580 \\ 7 & 40,120 \\ 8 & 44,660 \\ Each additional person & +4,540 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \begin{tabular}{l} If Form 8962 , line 5 , \\ is ... \end{tabular} & \begin{tabular}{c} ENTER \\ on Form \\ 8962, \\ line 7 \end{tabular} & \begin{tabular}{c} IF Form \\ 8962. \\ line 5 , \\ is ... \end{tabular} & \begin{tabular}{c} ENTER \\ on Form \\ 8962. \\ line 7 \\ \end{tabular} & \begin{tabular}{l} IF Form \\ 8962 , \\ line 5 , \\ is ... \end{tabular} & \begin{tabular}{c} ENTER \\ on Form \\ 8962. \\ line 7 \\ \end{tabular} & \begin{tabular}{l} IF Form \\ 8962 , \\ line 5 , \\ is... \end{tabular} & \begin{tabular}{c} ENTER \\ on Form \\ 8962 , \\ line 7 \\ \end{tabular} & \begin{tabular}{c} If Form \\ 8962, \\ line 5 , is ... \end{tabular} & \begin{tabular}{c} ENTER on \\ Form 8962, \\ line 7 \end{tabular} \\ \hline less than 150 & 0.0000 & 200 & 0.0200 & 251 & 0.0404 & 302 & 0.0605 & 353 & 0.0733 \\ \hline 150 & 0.0000 & 201 & 0.0204 & 252 & 0.0408 & 303 & 0.0608 & 354 & 0.0735 \\ \hline 151 & 0.0004 & 202 & 0.0208 & 253 & 0.0412 & 304 & 0.0610 & 355 & 0.0738 \\ \hline 152 & 0.0008 & 203 & 0.0212 & 254 & 0.0416 & 305 & 0.0613 & 356 & 0.0740 \\ \hline 153 & 0.0012 & 204 & 0.0216 & 255 & 0.0420 & 306 & 0.0615 & 357 & 0.0743 \\ \hline 154 & 0.0016 & 205 & 0.0220 & 256 & 0.0424 & 307 & 0.0618 & 358 & 0.0745 \\ \hline 155 & 0.0020 & 206 & 0.0224 & 257 & 0.0428 & 308 & 0.0620 & 359 & 0.0748 \\ \hline 156 & 0.0024 & 207 & 0.0228 & 258 & 0.0432 & 309 & 0.0623 & 360 & 0.0750 \\ \hline 157 & 0.0028 & 208 & 0.0232 & 259 & 0.0436 & 310 & 0.0625 & 361 & 0.0753 \\ \hline 158 & 0.0032 & 209 & 0.0236 & 260 & 0,0440 & 311 & 0.0628 & 362 & 0.0755 \\ \hline 159 & 0.0036 & 210 & 0.0240 & 261 & 0.0444 & 312 & 0.0630 & 363 & 0.0758 \\ \hline 160 & 0.0040 & 211 & 0.0244 & 262 & 0.0448 & 313 & 0.0633 & 364 & 0.0760 \\ \hline 161 & 0.0044 & 212 & 0.0248 & 263 & 0.0452 & 314 & 0.0635 & 365 & 0.0763 \\ \hline 162 & 0.0048 & 213 & 0.0252 & 264 & 0.0456 & 315 & 0.0638 & 366 & 0.0765 \\ \hline 163 & 0.0052 & 214 & 0.0256 & 265 & 0.0460 & 316 & 0.0640 & 367 & 0.0768 \\ \hline 164 & 0.0056 & 215 & 0.0260 & 266 & 0.0464 & 317 & 0.0643 & 368 & 0.0770 \\ \hline 165 & 0.0060 & 216 & 0.0264 & 267 & 0.0468 & 318 & 0.0645 & 369 & 0.0773 \\ \hline 166 & 0.0064 & 217 & 0.0268 & 268 & 0.0472 & 319 & 0.0648 & 370 & 0.0775 \\ \hline 167 & 0.0068 & 218 & 0.0272 & 269 & 0.0476 & 320 & 0.0650 & 371 & 0.0778 \\ \hline 168 & 0.0072 & 219 & 0.0276 & 270 & 0.0480 & 321 & 0.0653 & 372 & 0.0780 \\ \hline 169 & 0.0076 & 220 & 0.0280 & 271 & 0.0484 & 322 & 0.0655 & 373 & 0.0783 \\ \hline 170 & 0,0080 & 221 & 0.0284 & 272 & 0,0488 & 323 & 0.0658 & 374 & 0.0785 \\ \hline 171 & 0.0084 & 222 & 0.0288 & 273 & 0.0492 & 324 & 0.0660 & 375 & 0.0788 \\ \hline 172 & 0.0088 & 223 & 0.0292 & 274 & 0.0496 & 325 & 0.0663 & 376 & 0.0790 \\ \hline 173 & 0.0092 & 224 & 0.0296 & 275 & 0.0500 & 326 & 0.0665 & 377 & 0.0793 \\ \hline 174 & 0.0096 & 225 & 0.0300 & 276 & 0.0504 & 327 & 0.0668 & 378 & 0.0795 \\ \hline 175 & 0.0100 & 226 & 0.0304 & 277 & 0.0508 & 328 & 0.0670 & 379 & 0.0798 \\ \hline 176 & 0.0104 & 227 & 0.0308 & 278 & 0.0512 & 329 & 0.0673 & 380 & 0.0800 \\ \hline 177 & 0.0108 & 228 & 0.0312 & 279 & 0.0516 & 330 & 0.0675 & 381 & 0.0803 \\ \hline 178 & 0.0112 & 229 & 0.0316 & 280 & 0.0520 & 331 & 0.0678 & 382 & 0.0805 \\ \hline 179 & 0.0116 & 230 & 0.0320 & 281 & 0.0524 & 332 & 0.0680 & 383 & 0.0808 \\ \hline 180 & 0.0120 & 231 & 0.0324 & 282 & 0.0528 & 333 & 0.0683 & 384 & 0.0810 \\ \hline 181 & 0.0124 & 232 & 0.0328 & 283 & 0.0532 & 334 & 0.0685 & 385 & 0.0813 \\ \hline 182 & 0.0128 & 233 & 0.0332 & 284 & 0.0536 & 335 & 0.0688 & 386 & 0.0815 \\ \hline 183 & 0.0132 & 234 & 0.0336 & 285 & 0.0540 & 336 & 0.0690 & 387 & 0.0818 \\ \hline 184 & 0.0136 & 235 & 0.0340 & 286 & 0.0544 & 337 & 0.0693 & 388 & 0.0820 \\ \hline 185 & 0.0140 & 236 & 0.0344 & 287 & 0.0548 & 338 & 0.0695 & 389 & 0.0823 \\ \hline 186 & 0.0144 & 237 & 0.0348 & 288 & 0.0552 & 339 & 0.0698 & 390 & 0.0825 \\ \hline 187 & 0.0148 & 238 & 0.0352 & 289 & 0.0556 & 340 & 0.0700 & 391 & 0.0828 \\ \hline 188 & 0.0152 & 239 & 0.0356 & 290 & 0.0560 & 341 & 0.0703 & 392 & 0.0830 \\ \hline 189 & 0.0156 & 240 & 0.0360 & 291 & 0.0564 & 342 & 0.0705 & 393 & 0,0833 \\ \hline 190 & 0.0160 & 241 & 0.0364 & 292 & 0.0568 & 343 & 0.0708 & 394 & 0.0835 \\ \hline 191 & 0.0164 & 242 & 0.0368 & 293 & 0.0572 & 344 & 0.0710 & 395 & 0.0838 \\ \hline 192 & 0.0168 & 243 & 0.0372 & 294 & 0.0576 & 345 & 0.0713 & 396 & 0.0840 \\ \hline 193 & 0.0172 & 244 & 0.0376 & 295 & 0.0580 & 346 & 0.0715 & 397 & 0.0843 \\ \hline 194 & 0.0176 & 245 & 0.0380 & 296 & 0.0584 & 347 & 0.0718 & 398 & 0.0845 \\ \hline 195 & 0.0180 & 246 & 0.0384 & 297 & 0.0588 & 348 & 0.0720 & 399 & 0.0848 \\ \hline 196 & 0.0184 & 247 & 0.0388 & 298 & 0.0592 & 349 & 0.0723 & 400 or more & 0.0850 \\ \hline 197 & 0.0188 & 248 & 0.0392 & 299 & 0.0596 & 350 & 0.0725 & & \\ \hline 198 & 0.0192 & 249 & 0.0396 & 300 & 0.0600 & 351 & 0.0728 & & \\ \hline 199 & 0.0196 & 250 & 0.0400 & 301 & 0,0603 & 352 & 0.0730 & & \\ \hline \end{tabular}