Sentences with phrase «likely result in penalties»

Not exact matches

The first policy would likely have significant costs as a result of fewer firms paying the mandate penalty, and the second policy was estimated in 2015 to cost $ 53 billion over ten years.

Paying a single premium will likely cause the policy to become a Modified Endowment Contract (MEC), resulting in less favorable income tax treatment and the potential for tax penalties on loans and withdrawals.

Although deemed a minor violation with any resulting penalties having minimal consequence (likely announced Wednesday), Truex, crew chief Cole Pearn and the rest of FRR will face greater scrutiny in the future.

«But if it had continued, it would likely have resulted in substantial penalties and repayment obligations.»

«There's an argument, which I don't fully buy but that could be made, that whether there was intention to deceive is irrelevant, and the only thing that matters in meting out punishment is whether one should build on the results or ignore them,... but if you want to inculcate the norms of proper behavior and to deter and maybe filter out of science the people who are more likely to engage in misconduct, then that differential penalty is warranted.»

The Assembly has proposed revisions to the enrollment and retention policy that many traditional district schools themselves have not been able to meet and includes penalties that would likely result in the closure of charter schools across the state.

An unfavorable audit will likely result in some portion of the distributions being reclassified as earned income for federal income tax purposes, which results in a deficiency assessment (i.e., a tax bill), interest on those unpaid taxes, and IRS penalties.

Paying a single premium will likely cause the policy to become a Modified Endowment Contract (MEC), resulting in less favorable income tax treatment and the potential for tax penalties on loans and withdrawals.

Second, because of resulting problems with affect, socialization, and self - esteem they may be more likely to fall prey to both peer pressure and the seductive marketing practices of the tobacco industry, which spent $ 5.1 billion in tobacco promotion and advertising in 1996.10 Third, many states have passed legislation that fines or criminalizes children for the purchase, possession, or use of tobacco.54 The number of states with such legislation increased from 32 in 1995 to 41 in 1998; the current maximum state penalty for minors is a fine of up to $ 1000, and it is possible for fines to minors to exceed the fines to retailers who sell tobacco to them (unpublished data, Centers for Disease Control and Prevention, Office on Smoking and Health, State Tobacco Activities Tracking and Evaluation System [STATE], 1998).