What is the penalty tax for a small business with ten employees who cannot afford to pay for Obamacare? Are there any exemptions I should be aware of?
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William Keats
The exchanges should be established early 2014. Effective for months beginning after December 31, 2013, employers with at least 50 full-time employees must offer health insurance coverage to its F/T employees or pay a penalty. The penalty for 2014 is $95.00 per employee.
In your case, you are exempt from this requirement.
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581 weeks ago
In your case, you are exempt from this requirement.