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Flauer [41]
4 years ago
6

Phillip and Naydeen Rivers are married with two dependent children. The family has household income of $39,360 in 2018. They pai

d $11,000 for health care for the year through the health care exchange. A designated silver plan would have cost $9,800. What is the Rivers' premium tax credit?
Business
1 answer:
SpyIntel [72]4 years ago
6 0

Answer:

$8,033

Explanation:

The premium tax credit is a refundable tax credit given to qualifying families or individuals that purchase health insurance through the Health Insurance Marketplace. In order to qualify for the premium tax credit a family or individual must have low or moderate income. The lower your income the larger the tax credit.

The tax credit is calculated using the cost of the silver plan available through the Health Insurance Marketplace and subtracting a percentage of the taxpayer's income.

The Rivers' premium tax credit = $9,800 - $1,767 = $8,033

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Ironwood company had assets of $248,000 and liabilities of $160,000. during 2022, assets increased $28,000 and liabilities incre
Reptile [31]

$340,000. stockholders' equity on December 31, 2022

$280,000 + ($375,000 - $285,000) - $30,000 = $340,000

Total Assets = Penalties + Owner's Equity

<h3>How to Calculate Current Liabilities. </h3>

The equation must counteract because everything the firm owns must be purchased from debt (liabilities) and assets (Owner or stockholders equity). The owner's equity is computed by adding up all of the business assets and removing all of its liabilities.

To calculate current liabilities, you ought to add together all the money you owe lenders within the next year (within 12 months or less). Current liabilities contain current payments on long-term loans (like mortgages) and client deposits.

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4 0
2 years ago
A step taken so that a reasonable person could assume that a business took appropriate safety measures is called ___________
Wittaler [7]

Answer: Risk assessment

Explanation: This is known as risk assessment, the overall process of identifying all the risks to and from any activity and assessing the potential impact of each risk.  This is achieved by assessing the likelihood that each risk will occur, and then combining the result according to an agreed rule to give a single measure of potential impact.

To have a thought about what aspect of a business, might cause harm and decide whether you are taking reasonable steps to prevent that harm is known as a risk assessment.

7 0
3 years ago
When a company sponsors motor sports and other​ action-oriented events, it is utilizing the​ ________ mode of communication from
marta [7]
When a company sponsors motor sports and other​ action-oriented events, it is utilizing the <span>events and experiences</span> mode of communication from the marketing communication mix.

When a company is sponsoring an event they are marketing themselves by being part of the event.  They commonly have banners, tables, flyers and commercials that get their brand out by making it knowing they are sponsoring or going to be apart of an event. 
3 0
4 years ago
Suppose that real GDP is currently $ 13.8 trillion and potential real GDP is $ 14.0 trillion, or a gap of $ 200 billion. The gov
MAXImum [283]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
An increase in the amount of physical capital per worker _____, while technological progress _____. makes the aggregate producti
marissa [1.9K]

Answer:

shifts up the aggregate production function; moves the economy along the aggregate production function

Explanation:

An increase in the amount of physical capital per worker <u>shifts up the aggregate production function</u>, while technological progress <u>moves the economy along the aggregate production function</u>.

In the case of an increase in the amount of physical capital per worker, what is implied is that <u>at the same number of labor, output increases</u>; this will shift the aggregate production function outwards.

However in the case of technology, the scenario <u>does not say that technology is remaining at the same level</u> but is <u>progressing for output to increase</u>, hence the movement will not be a shift in the curve but a movement along the curve.

7 0
3 years ago
Read 2 more answers
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