|
|
|
|
|
|
|
How Much Will The New Small Business Health Insurance tax
Credit Save You?
|
|
|
|
|
|
|
|
|
|
Input Variables:
|
|
|
|
|
|
|
|
|
|
Total 2010 Premiums Paid for Staff
|
|
|
|
|
|
|
|
|
Percentage of Premiums Paid by Practice (must be at least
50%)
|
|
|
|
|
|
|
|
Total Annual Hours Worked for all Employees (excluding
owners and family members)
|
|
|
|
|
|
|
|
Total Annual Wages Paid to Employee's (excluding owners
and family members)
|
|
|
|
|
|
|
|
Doctors Marginal Tax Rate
|
|
|
|
|
|
|
|
|
|
Results:
|
|
|
|
|
|
|
|
|
|
A. Calculation of Tentative Credit
|
|
|
|
|
|
|
|
B. Calculation of Reduction in Credit for Number of Full
Time Equivalent (FTE)
|
|
|
| |
Employees
greater than 10 or Average Annual Wages over $25,000.
|
|
|
| |
|
|
|
|
Credit
Reduction for Number of FTE Employees greater than 10 or
|
|
|
|
Average
Annual Wages Above $25,000
|
|
|
|
|
|
|
|
Final
Tax Credit Available (will be subtracted from Premiums Paid deduction)
|
|
|
|
|
|
|
|
C. Net Tax Benefit Received
|
|
|
|
|
|
|
|
|
Value
of Tax Deduction Lost due to the reduction of Health Insurance
|
|
|
|
Premiums
deducted by practice
|
|
|
|
|
|
|
| |
Net Tax Benefit Received
|
|
|
|
| |
|
|
|
|
