Explain married file jointly and married file separate with an example of dependent care credit and rate difference example? Give both case explanations if possible?

Q: What amount can she deduct for eligible medical and dentals expenses

A: Medical expenses are the costs incurred for the treatment or prevention of diseases. It also…

Q: The basis for dividing partnership net income or net loss is referred to as any of the following…

A: The ratio in which the net income or net loss is divided among the partners is agreed upon in the…

Q: Group of answer choices a. type of care

A: Grooming/personal hygiene, clothing, toileting/continence, transferring/ambulating, and eating are…

Q: What is the importance of ratio analysis? What are the four main categories? How would a health care…

A: Financial ratios are based on the mathematical relationship between two financial line items.   For…

Q: How do economic factors influence healthcare policy decisions and outcomes?l am not satisfy give…

A: The objective of the question is to understand the impact of economic factors on healthcare policy…

Q: Compare whole-life and term insurance.

A: Insurance is a legal agreement between an insurer (insurance company) and an insured person.

Q: Describe a private insurance. what is it? Discuss the primary strengths and advantages, and…

A: Private Insurance means an insurance plan which is not operated by the government. It comes under…

Q: How can you encourage people to join health insurance scheme

A: Health insurance scheme is the scheme which is taken by an insured person for the coverage of health…

Q: Why is a statement of functional expenses required of a voluntary health and welfare entity?

A: Expenses: Expenses are costs incurred for the operations of a business. The costs incurred for…

Q: What are your recommendations for Insurance companies ?

A: 1.lapsation benifit to all 2. Reasonable refundable value 3. Single expense ratio

Q: What is a third-party payor, and how does the presence of such payors affect the financial…

A: Third party payor in healthcare entities is the payer, insurance company  or health agency not…

Q: How would you advise the partners in developing a method for dividing income?

A: Partnership:   Partnership is firm where two or more persons come together to business to share the…

Q: What will be the effects of Partnership Allocations and Substantial Economic?

A: Substantial Economic Effect The partnership allocation might not be fulfilled and complete if the…

Q: Describe the differences between a person with a low personal discount rate and a person with a high…

A: The discount rate is the interest rate charged by the Federal Reserve Bank on short-term loans to…

Q: Off-balance sheet financing means that a company has larger obligations than it shows on its balance…

A: The main objective of off-balance sheet financing is to show the debt liabilities of the company at…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: What’s are the advantages and disadvantages of a single Payer system of a national health insurance…

A: Due to uncertain factors, risk arises. To reduce or manage the risk and possibility of arises of…

Q: What kinds of investments in the household are just as likely for cohabiting couples as for married…

A: Cohabiting couples and married couples may make similar types of household investments, such as…

Q: Please add a source to the question. If you do want to elect COBRA coverage, what are some important…

A: COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal law that requires employers to…

Q: Compare life cover and funeral cover, stating the advantages and disadvantages of each

A: Life cover acts as a safeguarding financial tool, delivering a lump sum to beneficiaries upon the…

Q: Define Homestead allowance.

A: Generally probate laws provide adequate protection to the family members of the decedent whom the…

Q: What type of life insurance policy would give you investment choice?

A: Unit linked insurance plans (ULIP) is life insurance plans that having hybrid characteristics. This…

Q: Transfer payments include i. social security benefits ii. medicare and medicaid benefits iii.…

A: Transfer payment is the payment by the government for which nothing has not been received in return.…

Q: Which of the following financial tools is especially important for parents? A. A will b. Life…

A: Following financial tools are important for parents-

Q: Give the formula for computing a deduction for group health insuranc

A: Group health insurance policy can be defined as the policy which covers all employees of the…

Q: Give typing answer with explanation and conclusion to all parts Though limited, which of the…

A: Medicare is a federal health insurance program in the United States that provides coverage for…

Q: What is a contractual adjustment? How does a health care organization account for a contractual…

A:

Q: What type of information is entered for insurance and why is insurance important?

A: Insurance is a way to protect oneself from financial loss. It is a type of risk management that is…

Q: hich type of insurance is not deductible as self-employed health insurance? a. Long-term care…

A: Deduction -Taxpayers have the option to itemize their deductions, which entails claiming deductions…

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: Compare and contrast two main filing statuses married file separate and married file jointly?…

A: Income tax is charged by two types of taxes Federal Tax State Tax According to the federal…

Q: Compare and contrast the two types of partnership.

A: Partnership is having a joint ownership over a business. There are broadly two types of…

Q: If I bill customer for patient services what is that called

A: If a customer is Billed for patient services, then the revenue will be called SERVICE REVENUE.

Q: Differentiate between a private placement and apublic offering.

A: Private placement is sale of debt or securities between a company & selected number of…

Q: What are the rights provided by the general health insurance

A: Health insurance are very common now days due to increased risk of disease in  health insurance you…

Q: What are QTIP trusts, GRATs, and charitable remainder trusts?

A: QTIP trust: It is also known as qualified terminable interest property. The grantor creates the QTIP…

Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.