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The Recent Act That Requires an Organization with Fifty or More

question 97

Multiple Choice

The recent act that requires an organization with fifty or more employees to make health insurance available to employees or pay an assessment so employees can purchase their own health insurance is known as the ____ Act.


Definitions:

Share Capital

The funds that a company raises by issuing shares of stock, representing ownership in the company.

Retained Earnings

Refers to the portion of net earnings not distributed as dividends to shareholders but retained by the company to be reinvested in its core business or to pay debt.

Business Combination Valuation Reserve

A reserve set up during the accounting for a business merger or acquisition, accounting for differences in asset valuations and liabilities assumed.

Company Tax Rate

The percentage of profits a company is required to pay to the government as tax.

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