The Affordable Care Act Defines Applicable Large Employers (ALEs) as Employers

question 62

Multiple Choice

The Affordable Care Act defines applicable large employers (ALEs) as employers with:

• A) 15 or more full-time employees during the previous year.
• B) 1 or more full-time employees during the previous year.
• C) 200 or more full-time employees during the previous year.
• D) 50 or more full-time employees during the previous year.
• E) 200 or more full- and part-time employees during the previous year.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.

American Opportunity Tax Credit

A credit for qualified education expenses paid for an eligible student for the first four years of higher education, with the potential to receive a partial refund if the credit is more than the taxpayer owes.

Lifetime Learning Credit

A tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, aiming to promote post-secondary education.

Tax Advantage

Financial benefits and savings provided through exemptions, deductions, and credits that reduce the amount of tax owed.