Which of the following statement(s) regarding employer health insurance is (are) TRUE? (check all that apply) A. The (Affordable Care ACt) ACA does not force employers to offer health insurance to their employees. B. An employer with 100 employees is subject to a tax penalty if it offers health insurance, but at least one employee buys a policy from an Exchange and receives a tax credit. C. An employer with 75 employees is eligible to a tax credit if it pays at least 50% of the premiums D. An employer with 25 employees will not be subject to tax penalties if it does not offer health insurance to its employees. E.EAn employer with 20 employees is eligible for a partial tax credit if it offers health insurance to its employees (subject to a maximum for the average annual wages).

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter5: Deductions For And From Agi
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Problem 4MCQ: Which of the following is true about the self-employed health insurance deduction? The deduction can...
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Q.Which of the following statement(s) regarding employer health insurance is (are) TRUE? (check all that apply)

A. The (Affordable Care ACt) ACA does not force employers to offer health insurance to their employees.

B. An employer with 100 employees is subject to a tax penalty if it offers health insurance, but at least one employee buys a policy from an Exchange and receives a tax credit.

C. An employer with 75 employees is eligible to a tax credit if it pays at least 50% of the premiums

D. An employer with 25 employees will not be subject to tax penalties if it does not offer health insurance to its employees.

E.EAn employer with 20 employees is eligible for a partial tax credit if it offers health insurance to its employees (subject to a maximum for the average annual wages).

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