​Phillip and Naydeen Rivers Are Married with Two Dependent Children

question 48

Multiple Choice

​Phillip and Naydeen Rivers are married with two dependent children. The family has household income of $38,800 in 2016. They paid $11,000 for health care for the year. A designated silver plan would have cost $9,800. What is the Rivers' premium tax credit?

• A)​$0
• B)​$1,413
• C)​$8,038
• D)​$8,098
• E)​$9,800

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Definitions:

Material Breach

A significant violation or failure to comply with a contractual duty, which can lead to the contract's termination.

Minor Breach

A violation of a contract that does not significantly harm the intent of the agreement, allowing the contract to still be fulfilled.

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Released from a contract, obligation, or debt; in legal terms, it often refers to a debt being forgiven or a prisoner being released.