The credit for small employer health insurance premiums is intended to provide an incentive to small business employers and small tax-exempt employers to provide health insurance coverage for their employees. Which of the following sets of characteristics must be true for an eligible small business in tax year 2022? Question 12Select one: a. Have less than 25 full-time equivalent (FTE) employees and average employee wages of less than $58,000 b. Have no more than 10 full-time equivalent (FTE) employees and average employee wages of less than $56,000 c. Cover at least 50% of the cost of family health coverage for each employee and have less than 25 full-time equivalent (FTE) employees d. Cover at least 50% of the cost of single health care coverage of each employee and have average employee wages of less than $62,000 This answer is incorrect. The average employee wage figure of $62,000 is not correct