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nevsk [136]
3 years ago
12

Ramon did not have health insurance in 2019, how does that affect his return? A. He must pay a $695 shared responsibility paymen

t (SRP). B. It has no effect on his Form 1040. The "Full-year health care coverage or exempt" box is eliminated from Form 1040 because the shared responsibility payment is reduced to zero for tax year 2019. C. Ramon can claim a short coverage gap exemption to avoid the shared responsibility payment. D. Ramon can claim the affordability exemption to avoid the shared responsibility payment.
Business
1 answer:
Sever21 [200]3 years ago
4 0

Answer:

<em><u>The answer is</u></em>: <u>B. It has no effect on his Form 1040. The "Full-year health care coverage or exempt" box is eliminated from Form 1040 because the shared responsibility payment is reduced to zero for tax year 2019.</u>

Explanation:

<u>Health insurance coverage is no longer mandatory at the federal level, as of January 1, 2019,</u> so the shared responsibility payment is reduced to zero for the 2019 fiscal year.

So it has no effect on your 1040 form, because the entire year of health care coverage or the exempt box is removed from the 1040 form.

<em><u>The answer is</u></em>: <u>B. It has no effect on his Form 1040. The "Full-year health care coverage or exempt" box is eliminated from Form 1040 because the shared responsibility payment is reduced to zero for tax year 2019.</u>

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What is the difference between a shortage and scarcity?.
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Explanation:

shortage is when a particular thing is present for use but not up to what the person needs.

scarcity is when a thing or object ceased to be used or non availability of a particular thing for a particular period of time.

7 0
2 years ago
All the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT: Group
miv72 [106K]

Answer:

Policy loans are permitted on an interest-free basis.

Explanation:

The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person

So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest

5 0
3 years ago
While harry was intoxicated, he sold his car to ben for substantially less than its fair market value. this contract is consider
VMariaS [17]
The answer to this question is that the contract is voidable. A voidable contract specificallt means that the contract can still be implemented or affirmed or rejected by one of the parties due to valid reasons. A situation where in a contract can be voidable is when the other party is not in the capacity to enter into a contract.
7 0
3 years ago
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yiel
kiruha [24]

Answer:

7.84%

Explanation:

Given:

Bond's par value (FV) = $1,000

Maturity (nper) = 25 × 2 = 50 periods (since it's semi-annual)

YTM (rate) = 0.0925÷2 = 0.04625 semi annually

Price of bond (PV) = $875

Calculate coupon payment (pmt) using spreadsheet function =pmt(rate,nper,-PV,FV)

PV is negative as it's a cash outflow.

So semi- annual coupon payment is $39.20

Annual coupon payment = 39.2×2 = $78.40

Nominal Coupon rate = Annual coupon payment ÷ Par value

                                     = 78.4 ÷ 1000

                                     = 0.0784 or 7.84%

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3 years ago
What is the casting of ballots for candidates from different parties for different offices in the same election? ]?
Alex_Xolod [135]
They cast them to be a better country 
3 0
3 years ago
Read 2 more answers
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