Phoebe tested positive for a highly contagious disease and is in the ICU. Notifiedall clients serviced in the prior week. The Public Health Department shut down thesalon for the next two weeks. No services will be provided, but Jane will still takecare of business. Write it as a journal entry.
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Phoebe tested positive for a highly contagious disease and is in the ICU. Notified
all clients serviced in the prior week. The Public Health Department shut down the
salon for the next two weeks. No services will be provided, but Jane will still take
care of business. Write it as a
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- 1. Which of the following provides insurance against on-the-job accidents, even when the insured individual recovers and returns to work within a month? Group of answer choices disability insurance Social Security workers' compensation Medicare unemployment insuranceMrs. Garcia came to the Obstetrics Department of Monroe Health System pregnant and ready to deliver her first baby. She has health insurance coverage with United Healthcare provided by her employer. United has a contract with Monroe Health System, that gives United Healthcare a 20% discount from Monroe's full established rates. If Monroe Health System's rate for normal newborn delivery, including mother and baby, is $5,700, what is the amount of the contractual allowance that must be recorded related to the delivery of Mrs. Garcia's baby? A. $1,140.00 B.$1,410.00 C. $3,850.00 D.$4,560.00 E.$6,840.00Isis quit her job at A Corp. While at A Corp., Isis was enrolled in their group health insurance plan. Now, Isis works for C Corp., which also has a group insurance plan. According to the Health Insurance Portability and Accountability Act, C Corp. must ______. a. pay A Corp. so that Isis can maintain her health insurance through A Corp b. wait to enroll Isis in C Corp.'s plan until she has been employed with the company for 1 year c. reimburse Isis for any out-of-pocket expenses she incurred while unemployed d. allow her to participate in the company group health insurance plan
- François, an insurance agent with Safe Life Insurance Co., meets with Thomas and Annie Fortin to assess their life insurance needs. The Fortins are a single-income family with two children: a two-year- old and a four-year-old. Annie, the sole income earner, is an anesthetist with a hectic and unpredictable work schedule at the hospital Thomas is the primary caregiver and stay-at-home parent. He does not earn an income. Annie's income is sufficient to cover the family's savings and expenses. During the meeting, François gathers relevant information to assess the loss of income that would result from Annie's death. Should François also assess the financial impact that would result from Thomas's death? Select one correct answer from the list 1. Yes, Thomas's sense of self-worth would suffer if he was not included in the analysis Yes, Thomas' death may have a financial impact on Annie's ability to keep earning a sufficient income. No, Annie's income already covers the family's savings and…ANSWER AND RESOLVE THIS PROBLEM AND ANSWER SHOULD BEGIN WITH A CLEAR CONCLUSION THEN FOLLOWED BY BRIEF DISCUSSIONS. A, B, C, X and Y are senior graduating Accountancy students in Far Southern University. Due to restrictions brought about by worsening COVID-19 pandemic, they have been staying at their common place in the province of Batanes. Among the four who are childhood friends since birth, only C is acquainted to X. While studying online to pursue their degree, they want to accomplish something else on the side. By way of a backgrounder, A had inherited from his departed parents 1 hectare of bare agricultural land. He wants to engage in an enterprise that will make his land productive. B is an independent self-sustaining seasonal farmer who owns 5 heads of young cattle and he wants to create an entity that will help him maximize the potential of what he has. C is a philanthropist at heart who is willing to help his town folks by providing them alternative sources of living…Louise has worked for Rocky for 8 years. Unfortunately, due to COVID-19 pandemic, Rocky is forced to make many employees’ redundant and Louise has been selected as part of the redundancy program. Louise is made redundant in the 2021 financial year and receives a payment of $200,000 on top of annual and long service leave entitlements totalling $8,000. Had she not been made redundant and resigned voluntarily, she would have been paid $20,000 under the relevant workplace policies (on top of any annual and long service leave entitlements). Louise will also forego bonus commission she was expected to earn in 2022 financial year. Finally, Louise borrowed money totalling $5,000 totalling $5,000 from Rocky for her latest holiday but Rocky agreed to waive this. Question: Explain Louise’s tax consequences of the above transactions and her taxable income.
- exploded. The fire severely damaged his freezer. Ant's insurance company wrote him a check to cover the damages, but he had to pay his deductible first. The amount paid 1. The storeroom in Ant's restaurant caught fire last week after his hot water heater to repair the freezer is an example of a loss. a. Liability b. Hazard c. Indirect d. DirectRonald started his new job as a controller with Aerosystems today. Carole, the employee benefits clerk, gave Ronald a packet that contained information on the company’s health insurance options. Aerosystems offers its employees the choice between a private insurance company plan (Blue Cross or Blue Shield), an HMO, and a PPO. Ronald needs to review the packet and make a decision on which health care program best fits his needs. The following is an overview of that information. The monthly premium cost for Ronald for the Blue Cross or Blue Shield plan will be $48.32. For all doctor's office visits, prescriptions, and major medical charges, Ronald will be responsible for 20 percent and the insurance company will cover 80 percent of the covered charges. The annual deductible is $500. The HMO is provided to employees free of charge. The copayment for doctors’ office visits and major medical charges is $25. Prescription copayments are $30. The HMO pays 100 percent after Ronald’s…Samuel Nguyen was seriously injured in a skiing accident that broke both his legs and an arm. His medical expenses included 8 days of hospitalization at $1,100 a day, $5,100 in surgical fees, $7,300 in physician's fees (including time in the hospital and six follow-up office visits), $340 in prescription medications, and $2,900 for physical therapy treatments. All of these charges fall within customary and reasonable payment amounts. If Samuel had a health insurance plan that pays 90 percent of his charges with a $500 deductible and a $5,000 stop-loss provision, how much would he have to pay out of pocket? Round to the nearest dollar.$ _____________________ What would Samuel’s out-of-pocket expenses be if he belonged to an HMO with a $40 co-pay for office visits? Round to the nearest dollar.$ ____________________ Monthly premiums are $225 for the standard plan and $205 for the HMO. If he had no other medical expenses this year, which plan would have provided more…
- 114Please answer within 30 minutes. Thank you very much.Paula and Jim recently applied for life insurance with Shirley, a life insurance agent. For years, Paula and Jim smoked on a regular basis. However, in the last 12 months, they worked hard at quitting but still have the occasional cigarette. When they completed the life insurance applications with Shirley, they answered no to the use of tobacco question. What will the insurer do if Paula or Jim dies? a. Pay a reduced face amount to reflect smoker premium rates b. Pay the face amount provided death occurred after the incontestability period. c. Refuse to pay because the applicants committed fraud. d. Refuse to pay because the applicants failed to pay smoker premium rates.