Which of the Following Is NOT a True Statement About

question 101

Multiple Choice

Which of the following is NOT a true statement about the Protection and Affordable Care Act of 2010?

• A)Employers must offer health insurance coverage to employees who work less than 30 hours per week.
• B)Employers will be required to pay a 20% excise tax on high-cost health insurance plans.
• C)Contributions to health care flexible spending accounts will be capped at $2,500.
• D)Health plans with dependent coverage must expand eligibility up to age 26.

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Definitions:

Nominal Rate

The stated or named interest rate on a loan or investment, not accounting for compounding or inflation.

Quarterly Deposits

funds that are added to an account or investment four times a year.

Annual Nominal Rate

The rate of interest charged on a loan or realized on an investment without adjusting for compounding or inflation over a year.

Semi-annual Period

A timeframe that spans half a year, often used in the context of finance for payments or interest calculations.