70. Dana works for TGIF Company and is determining whether the company needs to pay the Employer Shared Responsiblity Payment. The company has 25 employees that work an average of 40 hours per week. They have 30 employees that work approximately 25 hours per week. For the purposes of the Affordable Care Act (ACA), how many full-time employees does TGIF Company have for 2017? a) 55 b) 40 c) 25 d) 50 71. Thomas and Thelma are married with 4 dependent children, all under age 18. They had the folowing investment income for 2017. Which of the chidren wil have their investment income subject to tax at their parent's rate? Interest 540 $1,170 1.650 $200 220 Ma $580 ($600) Eric 1,100 a) Tom, Jr b) Mary and Eric c) Ann and Eric d) Mary and Tom, Jr 72. Sherry and John, both age 29, are married and had household income of $42,000 for 2016 Neither had minimum essential coverage at any time during the tax year and do not qualify for any exemptions. They have no dependents. What is their maximum shared responsibility payment? (This FE question uses 2016's information, the most recent available.) a) $2,085.00 b) S532.50 c) $1,050.00 d) $1,390.00 73. Maxine is separated from her husband and will file Married Filing Separately on her return She worked as an enrolled agent for an accounting firm last year for a salary of $225,000 Since Maxine made over $200,000 last year, her employer withheld the additional 0.9% Medicare tax. Which of the following is correct? a) b) c) d) She is due a Medicare tax credit of $225 She owes an additional Medicare tax of $900 She owes an additional Medicare tax of $675 She owes no additional tax and is not due any credit because her employer withheld additional Medicare tax 74. John's W-2 wages are $158,000 for 2017. What would be the correct amount of Social Security tax? a) $9,796.00 b) $7,886.40 c) $7,347.00 d) $9,730.80