How do current tax laws in the United States favor employer-based health care insurance?
A) Individuals who receive health insurance benefits are allowed to deduct the value of these benefits from their taxable income.
B) Individuals who receive health insurance benefits do not pay taxes on the value of these benefits.
C) Employers who provide health insurance benefits are reimbursed by the government and are not taxed on these reimbursements.
D) Health insurance companies that provide insurance to employers are subject to a lower tax rate than those insurance companies that provide insurance to private individuals.
B
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Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
Answer the following statements true (T) or false (F)
1) In 2017, the Federal Trade Commission required firms to report any merger involving assets that exceeded $80.8 million. 2) Typically, antitrust agencies closely examine vertical mergers and horizontal mergers receive much less scrutiny. 3) It is possible for a horizontal merger to increase the total surplus in the market. 4) When considering the legality of a horizontal merger, U.S. antitrust agencies tend to emphasize the importance of consumer surplus rather than total surplus. 5) The basic goal of identifying a product market is for antitrust agencies to determine the products that consumers consider close substitutes.
If investment spending decreases by $500 billion and if MPC = 0.6,
a. equilibrium GDP will rise by $1,250 billion b. equilibrium GDP will fall by $500 billion c. equilibrium GDP will fall by $1,250 billion d. equilibrium GDP will rise by $500 billion e. nothing will happen in the short run
Economic growth is a(n) _______ process.
A. Constant. B. Exponential. C. Arithmetic. D. Linear.