Webinar Review: ACA And Fraudulent Webinars Part 2
For ACA webinar please answer questions 1-3, for Fraudulent Webinar questions 4-6.
Thank you
- 1.
Insurance offered by the employer is deemed to be “unaffordable” by the employee if the cost of the coverage exceeds what percentage of the employee’s household income?
- A.
9.5%
- B.
8%
- C.
10%
- D.
7.5%
Correct Answer
B. 8%Explanation
Answer B – If the cost of the coverage exceeds 8% of the employee’s household income, the employee will be deemed to lack affordable coverage and will be exempt from the penalty for not having health insurance.Rate this question:
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- 2.
To be considered a large employer, a business must employ, at a minimum, which of the following?
- A.
50 full-time employees
- B.
50 full-time equivalent employees
- C.
100 part-time employees
- D.
25 full-tie and 50 part-time employees
Correct Answer
B. 50 full-time equivalent employeesExplanation
Answer B – 50 full-time equivalent employeesRate this question:
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- 3.
To be considered a full-time employee you must work how much per week?
- A.
35 or more hours
- B.
25 or more hours
- C.
30 or more hours
- D.
32 or more hours
Correct Answer
C. 30 or more hoursExplanation
Answer C – 30 or more hours per week constitutes a full-time employee.Rate this question:
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- 4.
Generally there are three tests or elements of fraud in law which constitute a fraudulent conveyance if all three elements are present
- A.
The IRS is required to prove intent to defraud
- B.
Even if the transferee is the innocent recipient the IRS will prevail in the case
- C.
A trust is not liable for taxes to the IRS if the transfer was made prior to an audit of the transferor
- D.
Option 4
Correct Answer
B. Even if the transferee is the innocent recipient the IRS will prevail in the case -
- 5.
Fiduciary liability arises from the fiduciary's payment on behalf of an estate
- A.
On property that has been transferred without full and adequate consideration
- B.
For payments of debts that do not have priority over the debts to the United States
- C.
For property that has been distributed before notice of transferee liability has been received
- D.
Option 4
Correct Answer
B. For payments of debts that do not have priority over the debts to the United States -
- 6.
A Revenue Officer seizes a business premises without the prior consent of the owner or a writ of entry issued by the Federal court. The Revenue Officer
- A.
May be guilty of reckless conduct for failing to follow proper procedures in seizing property
- B.
Is in compliance with the IRS 7433 and cannot be sued by the taxpayer
- C.
Can seize the personal property as well as assets of close family to satisfy the lien
- D.
Option 4
Correct Answer
A. May be guilty of reckless conduct for failing to follow proper procedures in seizing property -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Oct 06, 2015Quiz Edited by
ProProfs Editorial Team -
Dec 06, 2013Quiz Created by
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