July 7, 20XX P. a 3 year old, has had temp 100.1 for 2
at DXN
qid. x 10 days, Tool up to 1gmq. 1h for pain & fever. Mother advised not to give ASA
streptococcal pharm. Plan: Penicillin V potassium 250 mg/tsp to be taken in a dose of 1 tsp
Ban 12ade me
Fran Practon, MD
1 gm
pe
9.4h
DX
ASA
mg/tsp
q.i.d. x 10 days
Review Questions
1. List several ways a computerized financial management system benefits a medical practice.
Review the objectives, glossary, and chapter information before completing the following review questions
a.
b.
C.
d.
e.
2. What projection does the office manager look at to determine how much actual cash should be available
each month?
3. Income received and expenses paid are presented in a report called a
4. What system contains computerized database files that include demographic and billing information
used in the preparation of patient statements, insurance forms, and management reports including the
breakdown of the accounts receivable?
© 2018 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated,
or posted to a publicly accessible website, in whole or in part.
Chapter 20 • Financial Management of the Medical Practice
.
443
s explain an insurance aging report and list ways it can be broken down for analysis
practice’s productivity?
6. What are some of the things that are looked at and learned when an office manager analyzes a medical
b.
C
To track the accounts payable, expenditures are recorded in a
s. Name some responsibilities of the office manager or medical assistant when he or she is in complete
charge of the payroll.
2.
b.
C.
d.
9. What law covers minimum wage and overtime standards?
10. The office manager must post notices in the medical office according to the
11. Explain how to obtain a tax identification number for a physician-employer.
12. What form is used for employers to verify that all employees hired (citizens and noncitizens) are
authorized to work?
13. Why do you have an employee complete an Employee’s Withholding Allowance Certificate, Form W-4?
14. Under the Federal Insurance Contributions Act (FICA), both the
and
contribute at a rate specified by law.
15. Name three programs financed under Social Security (FICA) from one payroll tax, and list what they
provide.
a. Program 1:
Provides:
b. Program 2:
Provides:
c. Program 3:
Provides:
444
Chapter 20 • Financial Management of the Medical Practice
16. list three names used for state disability insurance deductions.
b.
17. List several optional payroll deductions, also called
b.
d.
18. How often must employers report payments by using Form 940?
19. In what publication does the Department of the Treasury, Internal Revenue Service, publish submis-
sion guidelines and requirements for quarterly reports, federal tax deposits, and unemployment tax
payments?
20. The employer’s quarterly federal tax return must be filed by an employer on or before
and
on Form
21. Spell out the following payroll abbreviations.
FICA
FUTA
UCD
22. Agnes Baker terminated her employment with Dr. Jeffries on August 31. What document must be given
to her by the employer and what is the time limit?
Critical Thinking Exercises
1. Why is it a federal requirement that the Wage and Tax Statement (W-2) tax form be sent by the
employer to both the IRS and to each employee?
2. State the deductions from a payroll check required in your state.
a.
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
