Answered: Beginning in 2019, are individual…

Beginning in 2019, are individual taxpayers required to maintain minimum essential health coverage (associated with the Affordable Care Act)? This was termed the individual shared responsibility tax

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter7: Tax Credits

Section: Chapter Questions

Problem 5MCQ: Which of the following is not a requirement to receive the premium tax credit for health care?...

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Concept explainers

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

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Beginning in 2019, are individual taxpayers required to maintain minimum essential health coverage (associated with the Affordable Care Act)? This was termed the individual shared responsibility tax.

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