Which of the Following Statements Is Correct

question 55

Multiple Choice

Which of the following statements is correct?

• A)Taxpayers with household income which is more than 400% of the Federal Poverty Level are eligible to claim the premium tax credit.
• B)The premium tax credit is only available when the taxpayer files his or her tax return.
• C)The premium tax credit is designed to help eligible taxpayers pay some of their health insurance premium.
• D)Taxpayers who receive a credit are not required to file a federal tax return.

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Definitions:

Injury

Physical harm or damage to a person's body, or harm to one's reputation or emotions in a legal context.

Rescission

The process of unwinding a transaction, returning all parties to their pre-contractual state.

Fraud

The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or harm another party.

Misrepresentation

The act of giving false or misleading information about a material fact, which can lead another person to act to their detriment or alter their position.