Which of the Following Is Not Part of the "Taxes

question 105

Multiple Choice

Which of the following is not part of the "taxes" provision of the Patient Protection and Affordable Care Act (PPACA) ?

• A) Pharmaceutical firms and health insurance firms will pay a new taxes.
• B) Investors earning more than $200,000 will pay a new tax on their investment income.
• C) Beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated.
• D) Workers earning more than $200,000 will have their share of the Medicare payroll tax increase.

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Definitions:

HST

Harmonized Sales Tax, a combined tax that includes both federal and provincial sales taxes in some Canadian provinces.

Financial Liability

An obligation to pay money to another party, including loans, bond issuances, and accounts payable.

Notes Payable

A formal, written agreement to pay a certain amount of money, with interest, by a specified future date.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability.