Which of the Following Is Not One of the New

question 161

Multiple Choice

Which of the following is not one of the new taxes imposed under the PPACA?

• A) 2.9 percent excise tax on medical devices
• B) 10 percent tax on indoor tanning
• C) 3.8 percent tax on "junk food"
• D) 40 percent tax on employers providing insurance to employees in excess of $10,200 per year for individuals or $27,500 per year for families.

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Bond

A fixed income instrument representing a loan made by an investor to a borrower, typically corporate or governmental.

Net Return

The profit or loss from an investment after all expenses are subtracted from the total income or revenue.

Construction Costs

Expenses incurred in the building of structures, infrastructure, or other forms of real estate projects.