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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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Answer:

All of them

Explanation:

When making decisions, a business should evaluate:

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What does​ "2/10" mean, with respect to​ "credit terms of​ 2/10, n/30"?
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A social enterprise is a  business that tries to solve

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3 years ago
A national restaurant chain encourages its customers to use its website as a means of providing comments about their experiences
lara31 [8.8K]

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The correct answer is (D)

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Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Stephan Company’s
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Answer:

Explanation:

The correct amounts are shown below:

1. Assets =  Asset balance - depreciation + service revenue

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2. Liabilities = Liabilities balance + employees wages earned

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3.  Stockholders' Equity = Equity balance - depreciation + service revenue - employees wages earned

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4.  Net Income = Net income balance - depreciation + service revenue - employees wages

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                        = $9,165

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3 years ago
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