Which of the Following Is a Main Component of the Affordable

question 43

Multiple Choice

Which of the following is a main component of the Affordable Care Act (ACA) ?

• A)the requirement that people must obtain health insurance or pay a penalty
• B)the establishment of individual health promotion goals
• C)the creation of nutritional guidelines
• D)the founding of a federal agency to oversee health concerns

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Definitions:

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including social security, Medicare, and federal and state unemployment taxes.

Fringe Benefits

Additional compensation provided to employees beyond their normal wages, such as health insurance, retirement plans, and company cars.

Factory Labor Costs

The total expense incurred by a company to pay wages to manufacturing or factory workers directly engaged in producing the goods or services.

Control Account

An account in the general ledger that summarizes subsidiary ledger data.