The National Health Care Anti-Fraud Association (NHCAA) estimates that the financial losses due to health care fraud are in the tens of billions of dollars each year.
Whether you have employer-sponsored health insurance or you purchase your own insurance policy, health care fraud inevitably translates into higher premiums and out-of-pocket expenses for consumers, as well as reduced benefits or coverage. For employers-private and government alike-health care fraud increases the cost of providing insurance benefits to employees and, in turn, increases the overall cost of doing business. For many Americans, the increased expense resulting from fraud could mean the difference between making health insurance a reality or not.
However, financial losses caused by health care fraud are only part of the story. Health care fraud has a human face too. Individual victims of health care fraud are sadly easy to find. These are people who are exploited and subjected to unnecessary or unsafe medical procedures. Or whose medical records are compromised or whose legitimate insurance information is used to submit falsified claims.
<span>Don't be fooled into thinking that health care fraud is a victimless crime. There is no doubt that health care fraud can have devastating effects.</span>
When will shareholders of C businesses that retain their post-tax profits be subject to individual income tax on those retained profits. When shareholders sell their shares for a profit, they must pay taxes.
C corporations will pay tax at a corporate rate of 21% as of the 2020 tax year (down from 35 percent in 2017). Then, dividends are taxed at the owner's personal marginal tax rate, which is up to 37%. (depending on the tax bracket).
Distributions of money or other assets to shareholders will lower the corporation's earnings and profits (E&P), but they won't affect its taxable income. Taxes are paid by the corporation on its taxable income and by the shareholders on any dividends they receive.
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Answer:
Correct option D
Explanation:
An index number is the measure of change in a variable (or group of variables) over time. It is typically used in economics to measure trends in a wide variety of areas including: stock market prices, cost of living, industrial or agricultural production, and imports. Index numbers are one of the most used statistical tools in economics.
Index numbers are not directly measurable, but represent general, relative changes. They are typically expressed as percents.
Index numbers are not measured in dollars or any other units and changes in their values are more important than the values themselves.
If i am correct it is A. Yep, I googled it
Answer:
The item that would cause the trial balance to not balance is:
v. The cash payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750.
Explanation:
The correct record should have been to credit the $750 in the Cash account. By this double debit entries for a transaction without a corresponding credit entry, the trial balance cannot balance as the debit side will be greater by $1,500 ($750 * 2) than the credit side. To correct the error, the Cash account will be credited with $1,500. One of the $750 cancels the earlier error while the second $750 puts the records straight.
