Which of the Following Statements Is FALSE Regarding Medicare

question 99

Multiple Choice

Which of the following statements is FALSE regarding Medicare?

• A)Medicare pays for about 70 percent of the medical costs of older Americans.
• B)Medicare pays for acute illness.
• C)Medicare is paid for in part by payroll tax.
• D)Medicare Part B is a supplement financed by individuals who choose to enroll.

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Definitions:

IFRS

International Financial Reporting Standards are a globally-adopted set of accounting standards aimed at making financial statements comparable across international boundaries.

Actuarial Gains And Losses

These are the differences that result from changes in actuarial assumptions and the difference between expected and actual performance on pension plans and other post-retirement benefits.

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board (IASB) that outline how financial statements should be prepared and disclosed globally.

Net Interest

The difference between the revenue from interests received on various investments and the expenses from paying interest on borrowings.