INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 119

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-An individual receiving health care [could | could not] receive multiple payments from more than one insurance company for this care.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Exempt

Not subject to an obligation, duty, or requirement; often used in the context of income that is not subject to taxation.

Capital Gains Rates

The tax rates applied to the profit made from selling an asset for more than its purchase price.

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Fair Market Value

The estimated price at which an asset would sell in the marketplace when both buyer and seller are reasonably knowledgeable and willing parties.