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:

Excel Scenario Manager

A tool within Microsoft Excel that allows users to create and analyze multiple scenarios based on varying sets of assumptions to forecast different outcomes.

Variables

Elements, characteristics, or conditions that are subject to change or vary among individuals within a study or experiment.

Optimization Problems

Mathematical problems concerned with finding the best solution from a set of feasible solutions, given some constraints.

Solver

a tool used in software like Excel that finds an optimal value for a formula in one cell, subject to constraints on the values of other formula cells.