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.

 

$______________.

Expert Answer

Want to see the step-by-step answer?

See Answer

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

See Answer
*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.

Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A

Q: Prepare multi-step income statement Prepare single step income statement Income Statement        ...

A: Prepare multi-step income statement

Q: The following information relates to Pharoah Company for the year 2022. Retained earnings, Janu...

A: Calculate the amount of net income.

Q: Explain why depreciation expense is added back to net income and why an increase in inventories is d...

A: A Cash flow statement is a financial statement that provides summarised information regarding cash i...

Q: Accounting Question

A: Inventory for Caleres if it would have used FIFO in 2015 = $546,745 + $4,094= $550,839.Inventory for...

Q: Moe's Garage management has budgeted the following amounts for its next fiscal year: Total fixed exp...

A: Click to see the answer

Q: What type of cost is this? Total Costs Units January $100,4881,057 February $100,488880 If it is a m...

A: Mixed costs refer to the cost which is formed from the combination of fixed cost and variable cost. ...

Q: (assigning accounts receivable) - On April 1, 20017, Rasheed Company assigns $400,000 of its account...

A: Accounts receivable:Accounts receivable refers to the amounts to be received within a short period f...

Q: This information relates to Larkspur Co. 1.   On April 5, purchased merchandise from Crane Compa...

A: (a) Prepare the journal entries to record the given transactions on Larkspur Company's Books.

Q: Margin of Safety The Rachel Company has sales of $500,000, and the break-even point in sales dollars...

A: Margin of safety (MOS) computes the distinction between the real or planned sales and break-even poi...