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( 11, Credit for Small Employer Health Insurance Premiums. (Obj. 3) In 2018, Wainrite Company...

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Accounting

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( 11, Credit for Small Employer Health Insurance Premiums. (Obj. 3) In 2018, Wainrite Company paid 80% of the total costs of each employee's premiums for a qualified health plan (QHP) offered through the SHOP Marketplace. The annual health care premiums for each employee are $12,000. All of Wainrite's employees work full-time. a. Compute Wainrite's small employer health insurance credit if it has 8 full-time employees, average employee wages of $22,300, and 2018 is its first year buying its insurance from the SHOP Marketplace. b. Same as in Part a., except that average wages are $29,050. c. Same as in Part a., except the Wainrite has 14 full-time employees

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