Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax exempt income. She did not have minimum essential coverage for 8 months in 2018. Compute Susan's individual shared responsibility payment for 2018. The standard deduction for taxpayers filing single is $12,000. For 2018, the flat annual dollar amount is $695 per adult and $347.50 per child, limited to an annual maximum of $2,085 per household.
Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax exempt income. She did not have minimum essential coverage for 8 months in 2018. Compute Susan's individual shared responsibility payment for 2018. The standard deduction for taxpayers filing single is $12,000. For 2018, the flat annual dollar amount is $695 per adult and $347.50 per child, limited to an annual maximum of $2,085 per household.
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 3P: Karen, 28 years old and a single taxpayer, has a salary of $33,000 and rental income of $33,000 for...
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Please help me with the following question.
Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax exempt income. She did not have minimum essential coverage for 8 months in 2018.
Compute Susan's individual shared responsibility payment for 2018.
The standard deduction for taxpayers filing single is $12,000. For 2018, the flat annual dollar amount is $695 per adult and $347.50 per child, limited to an annual maximum of $2,085 per household.
Do not round your calculations, but round your answer to two decimal places.
$
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