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- Which of the following statements is incorrect regarding qualifying criteria for the health insurance premium tax credit? A) Household income must be below designated

-Which of the following statements is incorrect regarding qualifying criteria for the health insurance premium tax credit?

A) Household income must be below designated levels.

B) The taxpayer cannot have access to affordable essential coverage through an employer.

C) The insurance policy must be purchased directly from an insurance company.

D) The individual may not be eligible as a dependent of another taxpayer.

-If a taxpayer's AGI is greater than $150,000, no penalty will be imposed if the taxpayer pays estimated tax payments in 2018 equal to what percentage of 2017's income tax liability?

A) 90%

B)100%

C) 105%

D) 110%

-Reva and Josh Lewis had alternative minimum taxable income of $1,050,000 in 2018 and file a joint return. For purposes of computing the alternative minimum tax, their exemption is

A) $96,900.

B) $59,400.

C) $0.

D) $109,400.

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