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Problem 7-16 The Affordable Care Act (LO 7.4) received from the exchange lists the following information: Table for Repayment of the Credit Amount Click here

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Problem 7-16 The Affordable Care Act (LO 7.4) received from the exchange lists the following information: Table for Repayment of the Credit Amount Click here to access the 2022 FPL table . Click here to access the 2022 Applicable Figure Table to use for this problem. Round any division to two decimal places before converting to a percent. \begin{tabular}{cc} 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 \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \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} & \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}

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