How will the federal government's new national health care program be funded?

A) The federal government will charge all participants of health insurance exchanges 3.8%.
B) Firms with at least 50 employees must pay an annual fine of up to $750 per employee regardless of coverage.
C) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year forindividuals and above $250,000 per year for married couples.
D) Nearly all U.S. residents will pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family) regardless of coverage.


Answer: C

Economics

You might also like to view...

For many years the U.S. government imposed quotas on cheap, Middle Eastern oil imports. The U.S. consumer consequently paid $3 billion more per year for oil products. A likely rationale for such a policy is

A. people in the oil industry deserved the transfer. B. conservation. C. one cannot be dependent on foreign supplies of so crucial a resource. D. American oil was of higher quality and deserved a higher price.

Economics

Explain why it is more likely that the opportunity cost of attending a 7:00 a.m. class is forgone sleep but that this is not reasonably likely to be the case for a class that meets at 12:00 noon

What will be an ideal response?

Economics

The primary conclusion of using inflation accounting is that inflation

A. distorts the tax system and results in slower economic growth. B. reduces the national debt to its nominal value instead of its real value. C. causes recessions and increases the structural deficit. D. distorts government budget accounting by exaggerating interest expense.

Economics

A firm competing in a perfectly competitive labor market desires to maximize

A. marginal profit, not total profit. B. average profit, not marginal profit. C. total profit, not marginal profit. D. marginal profit, not average profit.

Economics