Carla is age 64 and Xavier is age 66.They file their tax return as married filing jointly.During all of 2017 they did not have qualifying health coverage nor were they eligible for an exemption.Their household income was $84,990.What is the amount of shared responsibility payment they must report on their 2017 income tax return?

Question

Quizplus · Accepted Answer

Carla and Xavier are both over the age of 65, which means they are exempt from the shared responsibility payment. However, if their combined income is more than $64,000, they will have to pay the maximum penalty amount, which is $1,573.50. Therefore, the correct answer is C.

Carla Is Age 64 and Xavier Is Age 66