Sam and Edna Are Married with Three Dependents

question 140

Multiple Choice

Sam and Edna are married with three dependents. They enrolled in a qualified plan through the Marketplace at a cost of $4,900 per year. Their household income was $64,500. Their SLCSP premium is $5,540. What is their premium tax credit?

• A) $864.
• B) $4,676.
• C) $4,900.
• D)$5,540.

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Definitions:

Normative Influence

The pressure to conform to the expectations or norms of a group, influencing individuals to act in ways that are accepted by their social group.

Social Proof

A tendency to conform to what we believe respected others think and do.

Lowball

A sales technique where an item or service is initially offered at a lower price than is actually intended to be charged, after which the price is raised to increase profits.

Disney Vault

A term referring to the practice by The Walt Disney Company of putting its films into moratorium, making them unavailable for purchase for a specified period.