the shared responsibility payment is? an additional 2.35% on an earned income ex
ID: 2336732 • Letter: T
Question
the shared responsibility payment is?
an additional 2.35% on an earned income exceeding $200,000 ($250,000 MFJ $125,000MFS)
a tax credit given to applicable large employees (ALEs) for sponsoring employer provided health insurance coverage to their employees
an advaanceable and refunable tax creditto help pay the cost of health insurance coverage purchased through the marketplace
a payment made bt the taxpayer. if anyone in the taxpayers tax household does not have minium essentials health insurance coverage, and does not qualify for a coverage exemtion
Explanation / Answer
The shared responsibility payment is a payment made by the taxpayer. if anyone in the taxpayers tax household does not have minimum essentials health insurance coverage, and does not qualify for a coverage exemtion.
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