The Patient Protection and Affordable Care Act provides a tax credit for a small business that meets all the following criteria except –

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The Patient Protection and Affordable Care Act provides a tax credit for a small business that meets all the following criteria except –

a. Have 25 or less full-time equivalent employees for the taxable year.

b. Have a net profit less than $5,000 times the number of employees

c. Pay Employees less than $50,000 average annual wages.

d. Pay at least 50% of each employee’s health care insurance premium.

Answer: b. Have a net profit less than $5,000 times the number of employees

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