As of 2014, a Provision in the Affordable Care Act

question 28

Multiple Choice

As of 2014, a provision in the Affordable Care Act ________ Medicare taxes for households earning ________.

• A)eliminated; more than $250,000 a year
• B)increased; more than $250,000 a year by 0.9 percent
• C)lowered; more than $250,000 a year by 5.4 percent
• D)increased; more than $250,000 a year by 5.4 percent

---

Definitions:

Accounting Information System

A system of collecting, storing, and processing financial and accounting data used by decision makers.

Data Collection

The process of gathering and measuring information on variables of interest in an established systematic fashion, enabling one to answer stated research questions.

Information Dissemination

The process of distributing or spreading information to a wide audience, often used in contexts of marketing, public relations, and information technology.

Control Accounts

General ledger accounts that consolidate and summarize the detailed information from subsidiary ledgers.