What Is the Rationale for Saying That the Federal Government

question 90

Multiple Choice

What is the rationale for saying that the federal government provides a tax subsidy to corporate debtors?

• A) Interest and principal payments are tax deductible.
• B) Interest payments are tax deductible.
• C) Principal payments are tax deductible.
• D) 70% of interest payments are tax deductible.

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Definitions:

COBRA

The Consolidated Omnibus Budget Reconciliation Act, a U.S. law that provides individuals and their families the option to continue health insurance coverage after a job loss or other qualifying event.

Occupational Safety and Health Act

A United States law established in 1970 to ensure workplace safety and health standards.

Workplace Safety

Practices and policies implemented to ensure the physical and emotional well-being of employees in their working environment.

ERISA

The Employee Retirement Income Security Act of 1974, a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry.