In Which Case Did the Majority of the U

question 44

Multiple Choice

In which case did the majority of the U.S.Supreme Court justices conclude that a tax penalizing people who did not get medical insurance was constitutional?

• A) United States v. President Obama
• B) United States v. Sebelius
• C) National Federation of Independent Business v. Sebelius
• D) National Federation of Independent Business v. President Obama

---

Definitions:

Effective-Interest Method

A method of computing the amortized cost of a bond and of allocating interest expense over its relevant period.

Operating Lease

A lease agreement that allows for the use of an asset but does not convey rights of ownership to the lessee.

Capital Lease

A leasing arrangement that is treated like an asset purchase for accounting purposes, where the lessee records the leased asset as if it has been purchased.

Market Interest Rate

The prevailing rate of interest determined by supply and demand in the money market, influencing the rates borrowers pay and lenders receive.