1. Carla is age 64 and Xavier is age 66. They file their tax return...
90.2K
Verified Solution
Link Copied!
Question
Accounting
1. Carla is age 64 and Xavier is age 66. They file their tax return as married filing jointly. During all of 2020 they did not have qualifying health coverage nor were they eligible for an exemption. Their household income was $84,990. What is the amount of shared responsibility payment they must report on their 2020 income tax return
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
