Which of the Following Statements Is Incorrect Regarding Qualifying Criteria

question 126

Multiple Choice

Which of the following statements is incorrect regarding qualifying criteria for the health insurance premium tax credit?

• A)The insurance policy must be purchased directly from an insurance company.
• B)Household income must be below designated levels.
• C)The taxpayer cannot have access to affordable essential coverage through an employer.
• D)The individual may not be eligible as a dependent of another taxpayer.

---

Definitions:

Drawer's Account

Refers to the account from which a check is drawn; the account belongs to the drawer (the person who writes the check).

Payee

A payee is a person or organization to whom money is paid or is to be paid.

Check

A written order instructing a bank to pay a specified amount of money from the writer's account to the person or entity in whose name the check has been issued.

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank.