Meen Co. has 40 full-time employees and 20 full-time-equivalent employees. Meen does not offer its employees affordable essential health insurance coverage. Furthermore, its employees received tax credits to buy coverage for this fiscal year. According to the Affordable Care Act (ACA), what amount must Meen pay as an annual penalty?
A. $0
B. $46,400
C. $69,600
D. $139,200
Answer: C. $69,600
Business
You might also like to view...
Elizabeth saw a posting for a new job on her company's intranet. She was interested in the new challenges this job could provide her, so she applied right away. Elizabeth's company was performing ________
A) external recruiting B) internal recruiting C) simulation recruiting D) virtual recruiting E) social network recruiting
Business
Which of the following items would cause cash per the bank statement to be larger than the balance of cash shown in the accounting records?
A. Bank service charges. B. Deposits in transit. C. Outstanding checks. D. NSF check from one of the depositor's customers.
Business