1.Debra, age 68, has very low income and very few financial assets, and her employer does not provide health insurance. Where, if anywhere, is she most likely to find healthcare coverage?

A.A private health insurance provider.

B.Medicare.

C.She is unlikely to find healthcare coverage.

D.COBRA.

2. Shaq gave each of his children $25,000 this year. Which of the following statements regarding taxes related to the gift is correct?

A.Shaq will have to file a gift tax return. Whether or not Shaq will owe a gift tax depends on the amount of cumulative taxable gifts. None of the children will have to pay a tax on the gift.

B. Shaq will have to pay gift taxes on the first $15,000 and the children will have to pay taxes on the remaining $10,000.

C. Shaq will not have to file a gift tax return. However, all of the children will have to file a gift tax return, and they may have to pay a gift tax depending on the amount of cumulative taxable gifts Shaq has given them.

D. Shaq will have to file a gift tax return and pay a gift tax since each of the children received more than $15,000 in a single year. Each of the children must also file a gift tax return and pay taxes on the gift received.