The Affordable Care Act Includes a Provision Designed to Help

question 6

Multiple Choice

The Affordable Care Act includes a provision designed to help small employers make health insurance coverage available to their employees.This provision allows small employers to reduce their federal income tax by a percentage of the employer's contribution to health insurance for employees.This subsidy,in the form of reduction of income taxes,is called a

• A)marginal tax rate.
• B)tax credit.
• C)tax bracket.
• D)tax deduction.

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Definitions:

Technology Used

Refers to the application of scientific and technical knowledge to production processes to improve efficiency, increase output, or create new products.

Quantity and Quality

Refers to the amount and the standard of a product or service, indicating its overall value or suitability.

Coincidence of Wants

A situation in a barter system where two parties each have something the other wants, facilitating an exchange without the need for money.

Total Output

The total quantity of goods and services produced by an economy, sector, or individual producer over a specified period.