The company is considering the purchase of a high-priced health insurance option. The cost is equal to
Question:
The company is considering the purchase of a high-priced health insurance option. The cost is equal to $16,000 per employee for individual coverage and $30,000 per employee for family coverage.
Half of the employees subscribe to individual coverage. Based on the guidelines presented in this chapter, calculate the Cadillac tax.
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The Cadillac tax is a provision of the Affordable Care Act ACA that imposes an excise tax on highcos...View the full answer
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Related Book For 
Strategic Compensation A Human Resource Management Approach
ISBN: 9780134320595
9th Edition
Authors: Joseph J Martocchio
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