Respuesta :
Answer:
The taxpayer's normal expected contribution when calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan is $57,000.
Explanation:
With an income of $ 600,000, the tax payer is at 350% of the Federal Poverty Level or FPL, so the normal expected contribution is 9.5% of his income.
The normal expected contribution = 9.5% of his income
= 600000*9.5%
= $57,000
Therefore, The taxpayer's normal expected contribution when calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan is $57,000.
When calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan, the taxpayer's normal expected contribution is $57,000.
The taxpayer's income is at 350 percent of the Federal Poverty Level, or FPL, thus the normal expected contribution is 9.5 percent of his earnings.
The computation of normally expected contribution (NEC):
[tex]=0.095 \text{ of his income}[/tex]
[tex]=600,000[/tex] × [tex]0.095[/tex]
[tex]= 57,000[/tex]
Note = 9.5% 04 0.095
As a result, when computing the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan, the taxpayer's normal expected contribution is $57,000.
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