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babunello [35]
3 years ago
10

James, age 35, did not have minimum essential coverage for any part of 2018. If James is single and has 2018 adjusted gross inco

me of $41,000, what is his individual shared responsibility payment? The 2018 MEC flat annual dollar amount is $695 per adult and $347.50 per child limited to $2,085 per household. The standard deduction for filing single is $12,000.
Business
1 answer:
aalyn [17]3 years ago
7 0

Answer:

$725

Explanation:

Obamacare (or Affordable Care Act) stated that starting in 2014, everyone must have either minimum essential coverage, a coverage exemption or they have to pay a shared responsibility payment.

The shared responsibility payment for 2018 was $695 for each adult and $347.50 for each child, with a family maximum of $2,085, or 2.5% of taxable income, whichever is higher.

(gross income - standard deduction ) x 2.5% = ($41,000 - $12,000) x 2.5% = $725

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In business markets, individuals or groups purchase products for one of three purposes. These purposes areA) resale, wholesale,
Elanso [62]

Answer:

D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations

Explanation:

Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.

Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets

Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.

Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.

  • Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
  • Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.

Read more on Brainly.com - brainly.com/question/14212640#readmore

5 0
3 years ago
Why does an inverted yield curve serve as a predictor of a recession?.
choli [55]
An inverted curve reflects the bond market's expectation for the Fed to cut rates down the line. The Fed normally cuts rates in response to an economic downturn, hence why an inverted curve could be a recession signal.
3 0
2 years ago
Read 2 more answers
Why is the stock price of a company an indication of the performance of that company's senior managers?
OLEGan [10]

Answer:

In general, people want to invest in a well-managed corporation, which will drive up the price of shares.

5 0
1 year ago
What are five realistic ways that you can make money now with the
ehidna [41]

Answer:

Explanation:

Well depending on what you have as a load out now if your fit you can be construction or police or firefighter if your really smart you can be a scientist a astronaut or a video game developer office jobs and many more hope this helps

7 0
3 years ago
Assume the firm has a constant dividend payout ratio and a projected sales increase of 12 percent. All costs, assets, and curren
34kurt

Answer:

$521.45

Explanation:

the formula used to calculate EFN is:

EFN = (Assets/Sales) x ($ Δ Sales) - (Liabilities/Sales) x ($Δ Sales) - [Profit margin x forecasted sales x (1 - dividend payout)]

sales = $4,700

net income is $420

total assets = $7,890

dividends = $125, dividend payout = $125 / $420 = 29.76%

liabilities  $790

profit margin = $420 / $4,700 = 8.94%

forecasted sales = $5,264

change in sales = $564

EFN = (7,890/4,700) x (564) - (790/4,700) x (564) - [0.0894 x 5,264 x (1 - 0.2976)] = $946.80 - $94.80 - $330.55 = $521.45

4 0
3 years ago
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