Problem 7-15 The Affordable Care Act (LO 7.4)

Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax exempt income. She did not have minimum essential coverage for 8 months in 2018.

Compute Susan's individual shared responsibility payment for 2018.

The standard deduction for taxpayers filing single is $12,000. For 2018, the flat annual dollar amount is $695 per adult and $347.50 per child, limited to an annual maximum of $2,085 per household.

Do not round your calculations, but round your answer to two decimal places. $