Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2016, Susan’s income is $38,000 and Stan’s is $12,000 and both are self-employed. They also have $500 in interest income from tax-exempt bonds. The Collins’ enrolled in health insurance for all of 2016 through their state exchange but did not elect to have the credit paid in advance. The 2016 year-end Form 1095-A the Collins received from the exchange lists the following information: Annual premiums …………………………………………………….. $9,800 Annual premium for the designated silver plan in the state …………. $10,800 Compute the Collins’ premium tax credit for 2016. View Solution:
Susan and Stan Collins live in Iowa are married and