contestada

Curtis, age 29, did not have health care coverage all year. His AGI is $35,000. What is the maximum Shared Responsibility Payment (SRP) he is required to pay

Respuesta :

The correct answer is; $875.00.

Further Explanation:

In 2017 the maximum shared responsibility payment that Curtis must pay is $875.00. That is approximately 2.5% of his AGI of $35,000. The maximum payment was 695$ or 2.5% of the income and the taxpayer owes the higher of the two options.

Beginning in 2019, the government stopped issuing a penalty for people who did not have health insurance. There are some people who may be exempt from having to purchase insurance. Some of the exempt clauses are;

  • A person may belong to an exempt religious organization
  • A person is an inmate in the United States
  • A person is in the country illegally
  • A person has a very low income and does not need to file taxes

Learn more about the Affordable Health Act at https://brainly.com/question/1388743

#LearnwithBrainly

ACCESS MORE
EDU ACCESS
Universidad de Mexico