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Fletch and Cammie Gates Are Married with Three Dependent Children

question 22

Essay

Fletch and Cammie Gates are married with three dependent children and household income of $55,140 in 2014. The Gates purchased health care insurance on their state's exchange for total premiums of $6,000. A designated silver plan for their family in their state costs $9,700. Calculate the Gates' premium tax credit.​


Definitions:

Binding Arbitration

A legal process in which a dispute is resolved by an impartial third party, with the decision being final and enforceable.

Binding Arbitration

A method of dispute resolution where a neutral third party makes a decision that is legally binding on both sides.

Arbitrator's Decision

The final judgment or resolution made by an arbitrator in a dispute resolution process.

Written Decisions

Documented conclusions or resolutions made by authorities, organizations, or individuals after considering a set of facts or arguments.

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