Finance

Which of the following statements about the role of physicians with re

Which of the following statements about the role of physicians with respect to Medicare claims is (are) true? I. Physicians who do not accept an assignment of Medicare claims can charge as much as 200 percent of the Medicare-approved fee. II. Physicians who accept assignment agree to accept the Medicare-approved amount as payment in full. […]

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Date: September 19th, 2020

Which of the following expenses is covered under the medical insurance

Which of the following expenses is covered under the medical insurance (Part B) portion of the Medicare program? A) long-term care in a skilled nursing facility B) the fee charged by a surgeon for an operation C) the cost of a semi-private room during a hospital stay D) routine prescription drugs outside of the hospital […]

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Date: September 19th, 2020

Which of the following statements about the full retirement age under

Which of the following statements about the full retirement age under the Social Security program is true? A) The current retirement age for full benefits is age 62. B) Beginning in the year 2025, the retirement age will be gradually increased to age 75. C) Early retirement with reduced benefits is allowed as early as […]

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Date: September 19th, 2020

All of the following persons are eligible for a benefit under the reti

All of the following persons are eligible for a benefit under the retirement portion of the Social Security program EXCEPT A) a divorced spouse, age 55, who was married to the retired worker for 6 years. B) a retired worker’s 63 year-old spouse who is no longer caring for children. C) a retired worker’s 52 […]

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Date: September 19th, 2020

Which of the following statements about participation in the Social Se

Which of the following statements about participation in the Social Security program is (are) true? I. Most private sector employees are covered under the Social Security program. II. Each employee has the right to “opt out” of the Social Security program if the employee does not wish to participate in the program. A) I only […]

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Date: September 19th, 2020

As of this year, Brad, age 50, has 40 credits under the Social Securit

As of this year, Brad, age 50, has 40 credits under the Social Security program. These credits were all earned in the last 10 years. What is Brad’s insured status under the program? A) He is currently and fully insured. B) He is currently insured, but not fully insured. C) He is fully insured, but […]

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Date: September 19th, 2020

Winslow Corporation has many long-term employees. The company has neve

Winslow Corporation has many long-term employees. The company has never had a pension plan. Recently, a new management team was hired. The new president said he would like to start a pension plan through which he could reward the long-term service provided by many employees. Which of the following types of plans should Winslow Corporation […]

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Date: September 19th, 2020

Which of the following is a common investment mistake that many retire

Which of the following is a common investment mistake that many retirement plan participants make? A) not investing heavily enough in common stock issued by the employer B) investing too heavily in common stock when close to retirement C) participating in an employer-sponsored retirement plan to obtain matching employer contributions D) participating in an employer-sponsored […]

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Date: September 19th, 2020