Using the information in the previous question, assume that the Collins' Form 1095-A also indicated that the

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Using the information in the previous question, assume that the Collins' Form 1095-A also indicated that the total advance payment of the premium tax credit was $9,200. Calculate the excess advance premium tax credit and the repayment amount for 2016.

Information from previous question

Annual premiums .................................................................................... $9,800

Annual premium for the designated silver plan in the state .............$10,800

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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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