Caprice is a single 42-year-old with income of $14,000 in 2020. She lacked minimum essential coverage for 7 months in 2020. What is her individual shared responsibility payment amount? a.$50.00 b.$0 c.$405.44 d.$695.00 e.None of these choices are correct.

Caprice is a single 42-year-old with income of $14,000 in 2020. She lacked minimum essential coverage for 7 months in 2020. What is her individual shared responsibility payment amount? a.$50.00 b.$0 c.$405.44 d.$695.00 e.None of these choices are correct.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Caprice is a single 42-year-old with income of $14,000 in 2020. She lacked minimum essential coverage for 7 months in 2020. What is her individual shared responsibility payment amount?

a.$50.00

b.$0

c.$405.44

d.$695.00

e.None of these choices are correct.

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