Answer the following statement(s) true (T) or false (F)

1. Most practices try to reduce expenses by controlling accounts payable. 
2. The physician usually authorizes several people to handle the purchasing of supplies and other products. 
3. An employer identification number is required by law from every employer for federal tax accounting purposes. 
4. Federal unemployment tax is a deduction from employees' paychecks. 
5. A physician would have a lower unemployment tax rate than an industry would. 


1. True
2. False
3. True
4. False
5. True

Health Professions

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