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The Affordable Care Act (LO 7.4) Susan and stan Collins live Iowa or Marriott and...

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The Affordable Care Act $($ LO $7.4)$ Susan and stan Collins live Iowa or Marriott and have two children's age $6$ and $10 .$ n $2022$ Susan income is $ $43, 120$ and $ $12, 000$ and both are self employees they also have $500$ and interest income from tax exempt bonds the callings are enroll i and health insurance for all $2022$ to the state exchange by the elect to have the credit pay in advanc $2022$ form $1095$ a that Collins receive from the following information:

Annual premiums

$ $9, 800$

Annual premlum for the designated benchmark plan in the state

$ $10, 800$

Compute the Collins' premium tax credit for $2022 .$

Click here to access the $2022$ FPL table.

Click here to access the $2022$ Applicable Figure Table.

Round any division to two decimal places before converting to a percent. If required, round your final answer to the nearest dollar.

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