4. BigBroker, Inc., an employer with 200 employees, offers health insurance coverage to its employees and dependents and pays one-half of employee premiums. For what tax penalty would it be liable if two of its employees obtained insurance coverage through an exchange in 2022 and received a premium subsidy for the entire year if the applicable annual penalty amount is $4,120? (Search Chapter 1) O a. $0 ob. $4,120 OC. $8,240 Od. $40,600
4. BigBroker, Inc., an employer with 200 employees, offers health insurance coverage to its employees and dependents and pays one-half of employee premiums. For what tax penalty would it be liable if two of its employees obtained insurance coverage through an exchange in 2022 and received a premium subsidy for the entire year if the applicable annual penalty amount is $4,120? (Search Chapter 1) O a. $0 ob. $4,120 OC. $8,240 Od. $40,600
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section: Chapter Questions
Problem 1CP
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