Problem 7-15 The Affordable Care Act (LO 7.4) Susan and...
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Accounting
Problem
The Affordable Care Act LO
Susan and Stan Collins live in Iowa, are married and have two children ages and In Susan's income is $ and Stan's is $ and both are selfemployed. They also have $ in interest income from taxexempt bonds. The Collinses enrolled in health insurance for all of through their state exchange but did not elect to have the credit paid in advance. The Form A that the Collinses received from the exchange lists the following information:
Annual premiums $
Annual premium for the designated benchmark plan in the state $
Compute the Collinses' premium tax credit for
Click here to access the FPL table
Click here to access the Applicable Figure Table
Round any division to two decimal places before converting to a percent. If required, round your final answer to the nearest dollar.
$fill in the blank
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