Overview
Updated 07/13/2021
The PenaltyAnnualAmount property specifies the annual dollar amount of the penalty tax, per qualifying fulltime or fulltime equivalent employee, an employer pays when employees are not covered by a health care plan.
PenaltyAnnualAmount properties
| Admin Tools location: | Config Option > System > System > Healthcare |
| Default: | $2000 |
| Valid values: | Dollar amount per qualifying fulltime or fulltime equivalent employee, based on the penalty tax as set by the federal government. |
| Where the setting is reflected... | Calculations based on this value appear in the Reports section. |
