I’m attempting to decipher the new healthcare tax credit; I’m having diffculty figuring out this formula. My accountant says we are not eligible, but he cannot say why.[!]
I’ve found a formula to double-check, but not sure what the square brackets indicate. Here is the formula as I found it online:
PC3=MC-[MC((FTE-10/15)] + [MC((AAW-25000)/25000)]
Not knowing if the square brackets are significant, I’ve just calculated by substituting regular parentheses in, which shows I get a refund PC3.
Any help would be appreciated. I’m not a math guy by trade