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"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 BusinessQuotes==
"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."
"Our biggest job creators (small businesses) will still go on creating jobs with high retention rates just like they do now, except they will be able to provide incentives to their employees with higher quality and more affordable health insurance. The head of the CBO Douglas Elmendorf said, “We don’t think that the healthcare law is having a significant impact on the economy today… It would reduce the amount of labor used in the economy by about a half a percent at the end of the decade… but, most of that is people choosing not to work because they can obtain health insurance at an affordable price outside of the workforce.”
The United States has almost 6 million small employers, 90 percent of which employ fewer than 20 people.
Our biggest job creators (small businesses) will still go on creating jobs with high retention rates just like they do now, except they will be able to provide incentives to their employees with higher quality and more affordable health insurance. The head of the CBO Douglas Elmendorf said, “We don’t think that the healthcare law is having a significant impact on the economy today… It would reduce the amount of labor used in the economy by about a half a percent at the end of the decade… but, most of that is people choosing not to work because they can obtain health insurance at an affordable price outside of the workforce.”
