Volunteer Income Tax Assistance (VITA) Certification Practice Test

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Prepare for the VITA Certification Test with quizzes and multiple-choice questions, each featuring hints and explanations. Ace your exam!

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What was the applicable dollar amount for one adult in 2015 for non-compliance with health coverage?

$95.00
$220.00
$325.00
$695.00

The correct answer is: $95.00

In 2015, the penalty for non-compliance with the health coverage mandate under the Affordable Care Act for an adult was set at $95. This amount was part of a phased approach to enforcing the individual mandate, which aimed to encourage individuals to obtain health insurance. The penalty was designed to increase over the years, with subsequent years experiencing higher fines as the law developed. The amount of $95 was applicable to the first year of penalties and represented a relatively low entry point in comparison to penalties established in later years. Understanding the progression of these penalties helps in grasping the overall framework of the ACA and its enforcement strategies. Therefore, for those not covered by qualifying health insurance in 2015, the established penalty was indeed $95 per adult.