Interest income from tax-exempt bonds

Assignment Help Business Economics

Reference no: EM13898721

Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2014, Susan adjusted gross income is $38,000 and Stan is $12,000 and both are self-employed. They also have $500 in interest income from tax-exempt bonds. The Collin enrolled in health insurance for all of 2014 through their state exchange but did not elect to have the credit paid in advance.

The 2014 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 Collin premium tax credit for 2014.

Reference no: EM13898721

Questions Cloud

Briefly summarizes the findings of the article : Write a 1,750 -to -2,100-word paper that briefly summarizes the findings of the article and that compares the effects of abuse in the article with what you have learned. Make sure to address whether you see signs of codependence in the article you..

Assume the required return on the project : Teak Furniture Co. is considering a new three-year expansion project that requires an initial fixed asset investment of $2,640,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be wo..

The asset has an acquisition cost : An asset used in a three-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $8,700,000 and will be sold for $1,910,000 at the end of the project. If the tax rate is 34 percent, what is the after tax..

What is the most likely outcome of the first game : Coke and Pepsi are going to play a game three times. During each game, if they both select a low price or a high price, their market share stays the same. But if one selects a low price while the other selects a high price, then the one with the l..

Interest income from tax-exempt bonds : Susan and Stan Collins live in Iowa, are married and have two children ages 6 and 10. In 2014, Susan adjusted gross income is $38,000 and Stan is $12,000 and both are self-employed. They also have $500 in interest income from tax-exempt bonds. The Co..

Schedule management plan : Schedule Management Plan - Schedule Management Plan The requirements for your assignment are: You are going to start your own small business. you have a budget of $300,000, and a time frame of 9 months to either complete the house

How international trade theory fits the industry : How international trade theory is used to explain a country's competitiveness (Porter's Diamond). You will need to address all four parts of the diamond?

The slope of the sp curve is determined in large part : The slope of the SP curve is determined in large part by the

If price controls are initiated : If price controls are initiated, we would expect that

User Account

All Pages