Which of the following is not part of the "taxes" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Workers earning more than $200,000 pay higher Medicare payroll taxes.
B) Investors earning more than $200,000 pay a new tax on their investment income.
C) Pharmaceutical firms and health insurance firms pay new taxes.
D) Beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated.
D
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At an interest rate of 4 percent, what would be the present value of receiving $4,000 four years from now?
A) $3,420 B) $3,637 C) $3,704 D) $3,847
The regional Federal Reserve bank presidents are:
A. selected by the Federal Reserve Board of Directors. B. allowed to serve no more than two consecutive four-year terms. C. are responsible for overseeing the day-to-day actions of the regional banks. D. responsible for ensuring that money supply can adequately meet the demand for money.
Inefficiency exists in an economy when a good is
a. not being consumed by buyers who value it most highly. b. not distributed fairly among buyers. c. not produced because buyers do not value it very highly. d. being produced with less than all available resources.
Existing loopholes erode the progressivity of the U.S. tax system.
Answer the following statement true (T) or false (F)