Asked by Iconic Dreams on Apr 24, 2024

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________ are programs where the government provides a tax deduction for spending on
Health insurance and other benefits by both employers and employees.

A) Noncompulsory benefits
B) Tax expenditures
C) Direct services
D) Earned income tax credits

Tax Deductions

Amounts that can be subtracted from an individual's or company's income before calculating the owed taxes, typically expenses that can be categorized as necessary costs of generating income.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, either reimbursing the insured for expenses incurred from illness or injury, or paying the care provider directly.

  • Scrutinize the approaches through which governmental measures either assist or govern economic transactions.
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SA
sandeep aluruMay 02, 2024
Final Answer :
B
Explanation :
Tax expenditures are government policies that provide tax deductions, exclusions, or credits to individuals or businesses as a subsidy for a particular activity or as a way to achieve a policy goal. Tax expenditures for health insurance and other benefits provide a tax deduction for spending on these items by both employers and employees, thereby encouraging individuals to purchase health insurance and other benefits.