Q. 1) Generally, in 2016, which of the folloing events will trigger the Employer Shared Responsability...

Q. 1) Generally, in 2016, which of the folloing events will trigger the Employer Shared Responsability Penalty?

a) A part-time employee who works for employer with 50 or more employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.

b) A full-time employee who works for employer with 50 or more employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit

c) A part-time employee who works for an employer with fewer than 50 employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.

d) A full-time employee who works for employer with fewer than 50 employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.

Expert Solution

Generally, in 2016, which of the folloing events will trigger the Employer Shared Responsability Penalty?

Answer is b) A full-time employee who works for employer with 50 or more employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.

Explanation: The provision applies to employers called applicable large employers that employ on average at least 50 full-time employees (including FTEs) during the preceding calendar year. If you are an applicable large employer, you may owe the payment if at least one of your full-time employees receives the premium tax credit.

ekkarill92 answered 2 years ago

Generally, in 2017, which of the following events will trigger the Employer Shared Responsibility Penalty?

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