Which of the Following Statements Is NOT True About Medicaid

question 21

Multiple Choice

Which of the following statements is NOT true about Medicaid?

• A)It is a public assistance program.
• B)It is funded by general tax revenues.
• C)It serves all Americans who cannot afford health insurance.
• D)It lacks broad support among Americans.
• E)Most Republicans opposed its creation.

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Definitions:

Payroll Tax Expense

Dues assessed on both employers and employees, generally calculated based on a fraction of the earnings paid to employees by their employers.

State Unemployment Tax Rate

The percentage rate at which employers are taxed by a state to fund unemployment insurance benefits, varying by state and employer's experience with layoffs.

Federal Unemployment Tax Rate

The rate at which employers are taxed by the federal government to fund the unemployment benefit programs.

Current Liabilities

Current Liabilities are a company's debts or obligations that are due to be paid within one year and are listed on the company’s balance sheet. They typically include accounts payable, short-term loans, and other accrued liabilities.