Which of the following statements about the impact of the implementation of the Affordable Care Act (ACA) on workers compensation is true?
A) Implementation of the ACA will increase fraudulent workers compensation claims.
B) Implementation of the ACA will create higher healthcare provider prices.
C) Implementation of the ACA will reduce the waiting time to see a physician, to have tests performed, and to begin physical therapy.
D) Implementation of the ACA will discourage annual physical check-ups and implementation of workplace wellness programs.
Answer: B
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In a lease contract, the party who legally owns the asset is the
A) lessee B) lessor C) operator D) banker
Justin and Michael form a limited partnership and start a car dealership. Justin is the general partner and Michael is the limited partner
Seven months after the commencement of the business, Pedro makes an investment and wishes to become a general partner. A week later, Michael's mother wishes to join the partnership as a limited partner. Which of the following is true in this scenario? A) Pedro cannot become a general partner to the partnership after the business has commenced. B) Pedro cannot become a general partner to the partnership as a limited partnership can only have one general partner. C) Michael's mother cannot become a limited partner to the partnership as a limited partnership can only have one limited partner. D) Both Pedro and Michael's mother can choose to become either general or limited partners to the partnership.
Attempts to extend the application of market share liability theory to products other than drugs have not met with much success
Indicate whether the statement is true or false
Doug, an employee of Cayman Travels, Inc, has gross salary for March of $4,000
The entire amount is under the OASDI limit of $117,000, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Provide the journal entry to record the employer's payroll taxes. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) What will be an ideal response