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

Question

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.

Explanation / Answer

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.

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