Which statement is true regarding the advanced premium tax credits for individuals and families under the Affordable Care Act?
A) The tax credit is the same flat amount for individuals and families.
B) The tax credit is based on income and is designed to limit the amount spent on health insurance premiums to make the insurance affordable.
C) The tax credit is only available to high-income individuals and families.
D) The tax credit is an expenses that lowers taxable income.
Answer: B
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