Additional medicare tax - Study guides, Class notes & Summaries

Which of the following types of health insurance covers the cost of providing non-medical custodial care to individuals with cognitive problems? A. Disability income insurance B. Long-term care insurance C. Hospital expense coverage D. Medical Expense coverage B All of the following are characteristics of a group health insurance plan EXCEPT: A. Only group members may be covered. B. There is one master contract B. Each person has a policy D. Benefits are essentially the same for al...

Which of the following types of health insurance covers the cost of providing non-medical custodial care to individuals with cognitive problems? A. Disability income insurance B. Long-term care insurance C. Hospital expense coverage D. Medical Expense coverage B All of the following are characteristics of a group health insurance plan EXCEPT: A. Only group members may be covered. B. There is one master contract B. Each person has a policy D. Benefits are essentially the same for al...

Medicare, Medicaide, LTC NC Insurance Exam Questions and Answers 100% Pass Federal Program - Correct Answer ️️ -Medicare is a federal health insurance program. Part of the Social Security program, Medicare is run by the Centers for Medicare & Medicaid Services of the Department of Health and Human Services. Private firms contract with the federal government to handle the paperwork, review claims, and disburse claim payments. Medicare Part A - Correct Answer ️️ -Designed primarily ...

COMMERCIAL CONTRACTOR PRACTICE EXAM QUESTIONS AND ANSWERS An employee earns $12.50 per hour. What is the gross pay of this non-exempt employee who works 45 hours during a holiday week, and receives 8 hours additional pay for the holiday? A.$562.50 B.$662.50 C.$693.75 D.$743.75 - ANS C.$693.75 Which of the following statements about a sole proprietorship is TRUE? A. The business, or any part of it, can be sold, altered, or exchanged at will. B. The business will surviv...

Louisiana Life, Accident and Health Practice Exam Test Questions & Answers 100% Pass Select from the choices below the best description of a speculative risk? Involving the possibility of a gain in addition to the uncertainty of loss If there is a material change in an MEC contract, what is the first thing needing to be done? Another 7 pay test Which of the following is not taxable? Fixed amount installments A premature distribution from a Roth IRA made before the age 59.5 is subject to a 10%...

If a disability income policy contains a cost-of-living adjustment rider, benefits must typically be increased - at least once per year from when benefits begin Which of these statements regarding the extended term insurance nonforfeiture option in a life policy is accurate? - the premium to purchase the coverage comes from the policy's cash value Which of the following is not a reason for a business to buy key person life insurance? - an increased pension liability if the key employee di...

Which of the following is LEAST likely to be considered when looking at the security of a new payroll system? A. regular data back-up and storage B. protection against computer viruses C. limited system access D. system edits - Answer D. system edits Company deadlines for payroll data input documents are essential for: A. timely processing of the payroll B. accurate entry of data C. guaranteeing that all information is processed D. adequate auditing purposes - Answer A. timely processi...

FPC Practice Exam 188 Questions with Verified Answers Cafeteria plan are authorized by what Internal Revenue Code Section? A. 125 B. 401k C. 403b D. 457b - CORRECT ANSWER a. 125 all of the following are tax implications of a cafeteria plan except: a. no income tax withholding b. no social security and medicare tax withholding c. must withhold income, social security, and medicare taxes d. no form W2 reporting - CORRECT ANSWER C. must withhold income, social security, and medicare t...

social security rate 6.2% Medicare tax rate 1.45% no cap additional .09 when above $200,000 social security base $128,400 minimum wage 7.25 Form I-9 Employment Eligibility Verification Employers responsibility. Form W-4 (Employee's Withholding Allowance Certificate) The form that determines the percentage of an employee's pay that will be withheld for federal taxes. Must be completed on or before first day of work

HRB-27 Final Exam Review Questions and Answers Rated A+ What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? • Under the accrual method, total sales and total charges for services are included in income even though payment may be rece...