The Affordable Care Act includes a provision designed to help small employers make health insurance coverage available to their employees
This provision allows small employers to reduce their federal income tax by a percentage of the employer's contribution to health insurance for employees. This subsidy, in the form of reduction of income taxes, is called a
A) marginal tax rate.
B) tax credit.
C) tax bracket.
D) tax deduction.
Answer: B
You might also like to view...
Crimson Corp constructed equipment to manufacture a new line of home products during 2015 . The average balance of accumulated expenditures on the equipment during September through December 2015 was $500,000 . Construction started on September 1, 2015 and was still in progress at the end of 2015 . If Crimson borrowed $500,000 for one year on September 1, 2015, to finance the construction, and
the interest rate on the construction loan was 6%, how much interest can Crimson capitalize as part of the equipment cost for 2015? a. $ -0- b. $10,000 c. $20,000 d. $30,000
Net income is misleading when revenue is overstated or expenses are understated by significant amounts
Indicate whether the statement is true or false
A good example of a profit center would be
a. a car manufacturer's assembly line. b. a local Home Depot store. c. Avis Car Rental's national reservation center. d. a manufacturer's human resources department.
A(n) ________ is a program used to create, process, and administer a database.
A. database management system B. information system C. database system D. operating system driver E. operating system