Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of thes is incorrect regarding the ACA individual Shared Responsibility penalty for 2018? a. To calculate the payment you would calculate 2.5% of the
Which of thes is incorrect regarding the ACA individual Shared Responsibility penalty for 2018?
a. To calculate the payment you would calculate 2.5% of the household income
b. To calculate the payment, you would need toi add together $695 per tax family member ($37.50 per child under age 18) without coverage.
c. When adding the numbers for family members without coverage, you would not calculate more that $2,085
d. Beginning in 2018, taxpayers will no longer be required to pay a penalty for failure to obtain health insurance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started