Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Susan y Stain Collins viven en Iowa, estn casados y tienen dos hijos de 6 y 10 aos. En 2020, los ingresos de Susan son

Susan y Stain Collins viven en Iowa, estn casados y tienen dos hijos de 6 y 10 aos. En 2020, los ingresos de Susan son de $41,214 y los de Stan de $12,000 y ambos trabajan por cuenta propia. Tambin tienen $500 en ingresos por intereses de bonos exentos de impuestos. Los Collins se inscribieron en un seguro de salud para todo 2020 a travs de su intercambio estatal, pero no eligieron que se les pagara el crdito por adelantado. El Formulario 1095-A de 2020 que los Collins recibieron del intercambio enumera la siguiente informacin:

Primas anuales $9,800

Prima anual por los $10,800 designados

Calcule el crdito fiscal de la prima de Collin's para 2020.

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

Students also viewed these Accounting questions

Question

What do you mean by underwriting of shares ?

Answered: 1 week ago

Question

Define "Rights Issue".

Answered: 1 week ago

Question

Discuss the Rights issue procedure in detail.

Answered: 1 week ago

Question

Discuss the Rights issue procedure in detail.

Answered: 1 week ago

Question

Explain the procedure for valuation of shares.

Answered: 1 week ago

Question

My opinions/suggestions are valued.

Answered: 1 week ago