If an employee receives health insurance through his or her employer, the employer
A) still withholds contributions for Medicare and Medicaid from the employee's paycheck.
B) still withholds contributions for Medicaid, but not Medicare, from the employee's paycheck.
C) still withholds contributions for Medicare, but not Medicaid, from the employee's paycheck.
D) is no longer required to withhold contributions for Medicare or Medicaid from the employee's paycheck.
A
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Refer to the scenario above. In the dominant strategy equilibrium, the payoff to Firm B is ________
A) $1.2 million B) $3.0 million C) $2.5 million D) $2 million
A deductible reduces ________ in exactly the same way as ________
A) moral hazard; coinsurance B) adverse selection; restrictive provisions C) moral hazard; cancellation of insurance D) adverse selection; limits on the amount of insurance
Tax evasion is illegal, but tax avoidance is legal
a. True b. False Indicate whether the statement is true or false
Recall the Application about how changes in supply affect the price of gasoline to answer the following question(s).Recall the Application. Suppose the price elasticity of demand for gasoline is 0.20 and the price elasticity of supply for gasoline is 0.55. If supply decreases by 50 percent, the equilibrium price will increase by:
A. 67 percent. B. 70 percent. C. 143 percent. D. 150 percent.