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Fletch and Cammie Gates Are Married with Three Dependent Children

question 5

Essay

Fletch and Cammie Gates are married with three dependent children and household income of $50,238 in 2015. The Gates purchased health care insurance on their state's exchange for total premiums of $6,000. A designated silver plan for their family in their state costs $9,700. Calculate the Gates' premium tax credit.​


Definitions:

Population Standard Deviation

A measure of the dispersion or variability of a population dataset, quantifying how much the members deviate from the population mean.

Mean Annual Return

The average return earned by an investment over a specific number of years, expressed on an annual basis.

Bond Funds

Mutual funds that invest primarily in bonds or other types of debt securities.

Standard Deviation

An analysis tool for the variation or dispersal range within a collection of figures.

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