Ohio Insurance Laws and Regulations Practice Exam

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Prepare for the Ohio Insurance Laws and Regulations Exam. Dive into essential topics with detailed practice questions designed to enhance your knowledge and readiness. Ace your exam and ensure your success in the insurance field!

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Practice this question and more.

As of January 1, 2014, an employer with up to 25 full-time equivalents with average annual wages of less than $50,000 may be eligible for a tax credit of what percentage of the premiums paid for employer-provided health insurance?

  1. 25%

  2. 35%

  3. 50%

  4. 75%

The correct answer is: 50%

This is because A, B, and D are all higher percentages, and these percentages would result in a higher tax credit for the employer, making them incorrect options. Additionally, these higher percentages would also result in a higher cost for the government, making them an unlikely option. Option C, on the other hand, is a more reasonable percentage for both the employer and the government.

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