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→Understanding the ObamaCare Small Business Mandate
Please note that the Affordable Care Act counts full-time equivalent employees, not the number of full-time employees an employer has. Full-time equivalent employees include part-time hours, plus the number of full-time employees a firm has. In other words cutting workers to part-time won’t save a company from being responsible for offering health insurance to full-time workers alone." [http://obamacarefacts.com/obamacare-small-business/ Obamacare Facts]
"What does “the equivalent” of a full-time / part-time employee mean?: The Affordable Care Act’s Rules for Employers often refer to businesses with 25 or 50 “full-time equivalent employees” (abbreviated FTE).
In simple terms FTE or “full-time equivalent” equals (the total number of full-time employees) plus (the combined number of Part-time employee hours divided by 30). (seasonal employees, contractors, and business owners don’t count toward the total. Other specific types of workers, like a traveling salesperson, should use Reasonable Methods for Crediting Hours.)"
"Please be aware average annual wages of employees are used along side of FTE when determining if a firm has to pay a fee or will receive tax credits. Average annual wages are determined by dividing the total wages paid by the employer by the number of FTEs (and rounding down to the nearest $1,000)."
==Small Business==
"For the purposes of tax credits, which are the biggest benefit to small businesses under the ACA, 90% of all firms qualify. 50% of employees are employees by firms with 10 or less employees. Over 50% of Americans depend upon their employer for coverage."
