In the Fall of 2010, the U

question 95

Multiple Choice

In the fall of 2010, the U.S.Census Bureau reported that more than 16% of people in the United States were without health insurance, a 23-year high.Which of the following was a key source of the decline in coverage?

• A)the passage of the Patient Protection and Affordable Care Act
• B)the Great Recession
• C)a decline in unemployment
• D)the eradication of Medicaid

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Definitions:

Progressive

A term used to describe a tax system where the tax rate increases as the taxable income increases.

Proportional

A concept where elements are in a constant relationship in terms of size, amount, or number relative to a whole.

Regressive

Describing a tax system where the tax rate decreases as the taxpayer’s income increases, placing a larger burden on lower-income individuals.

Taxable Income

Taxable income is the portion of your gross income that's subject to taxes after deductions and exemptions.