Which Statement Is True Regarding the Advanced Premium Tax Credits

question 12

Multiple Choice

Which statement is true regarding the advanced premium tax credits for individuals and families under the Affordable Care Act?

• A)The tax credit is the same flat amount for individuals and families.
• B)The tax credit is based on income and is designed to limit the amount spent on health insurance premiums to make the insurance affordable.
• C)The tax credit is only available to high-income individuals and families.
• D)The tax credit is an expense that lowers taxable income.

---

Definitions:

Coolidge

refers to Calvin Coolidge, the 30th President of the United States, known for his quiet demeanor and laissez-faire approach to governance.

Conceptualize Negotiations

The process of understanding negotiations as a strategic and structured form of communication aimed at reaching a mutual agreement.

Kolb

Refers to David Kolb's Experiential Learning Theory which suggests that learning is a process where knowledge is created through the transformation of experience.

Coolidge

Typically refers to Calvin Coolidge, the 30th President of the United States, known for his conservative policies and quiet demeanor.