Which of the Following Is Not Part of the "Taxes

question 110

Multiple Choice

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

• A)Pharmaceutical firms and health insurance firms will pay 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.

---

Definitions:

Intra-entity Gross Profit

This refers to the gross profit earned by a company from sales made internally between its own divisions or subsidiary entities.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a business, including materials and labor costs.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted for the investor's share of the investee's profit or loss and dividends received.

Intra-entity Gross Profit

Profits resulting from transactions within the same entity, often requiring adjustment during the consolidation process for accurate financial reporting.