Arturo and Deena Are Married with Two Dependents

question 50

Multiple Choice

Arturo and Deena are married with two dependents.They enrolled in a qualified plan through the Marketplace at a cost of $2,700 per year.Their household income was $31,000.Their SLCSP premium is $3,600.What is their premium tax credit?

• A)$620.
• B)$2,700.
• C)$2,980.
• D)$3,600.

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Definitions:

Karen Carpenter CD

A compact disc featuring the music of Karen Carpenter, an American singer known for her contributions to the duo The Carpenters.

Per Capita Income

The average income earned per person in a certain area, calculated by dividing the area's total income by its total population.

Price Elasticity

A metric that reflects the degree to which the demand for a product changes in response to alterations in its price, indicating consumer sensitivity to price fluctuations.

Marginal Cost

The cost of producing an additional unit of output, which is an important factor in economic decision making.