ACC T 1130 Payroll Accounting Chapter 7 – Manual Project – Check Figures – 2014 Edition October 23 Journal Entries: Payroll Cash 12 11‚173.89 Cash 11 11‚173.89 Administrative Salaries 51 2‚307.69 Office Salaries 52 3‚353.08 Sales Salaries 53 3‚600.00 Plant Wages 54 5‚223.92 FICA Taxes Payable – OASDI 20.1 898.05 FICA Taxes Payable – HI 20.2 210.04 Employees FIT Payable 24 997.00 Employees SIT Payable 25 444.70 Employees SUTA Payable 25.1
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1. http://www.ssa.gov/history/35act.html 2.http://www.archives.gov/historical-docs/document.html?doc=14&title.raw=Social%20Security%20Act Social Security Act 1. purpose? An act to provide for the general welfare by establishing a system of Federal old-age benefits‚ and by enabling the several States to make more adequate provision for aged persons‚ blind persons‚ dependent and crippled children‚ maternal and child welfare‚ public health‚ and the administration of their unemployment compensation
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Strengths and limitations (1 page) Strength: It required Risk flags for 27 different chronic disease of each patient when extracting data to form the CCW database [1]. Rheumatoid arthritis and other comorbidities of interest including stroke‚ heart failure‚ hypertension‚ diabetes and depression were all recorded in this database [1]. The type of claims to qualify for rheumatoid arthritis in the CCW database included at least 2 inpatient records‚ skilled nursing facility (SNF) claims data‚ Home Health
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organization that the physician or a member of his/her immediate family has a financial relationship. Exceptions to the law exist and will be examined in later sections of this reflection. Originally the Stark Law (Stark I) only applied to referrals of Medicare Beneficiaries‚ but Section 1877 of the Social Security Act (the Act) (42 U.S.C. 1395nn)‚ also known as the physician self-referral law‚ or Stark Law‚ intends to prevent the misappropriation of or over utilization of healthcare that could result
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Medicare and Medicaid Medicare and Medicaid have similar names and are both are government programs. The name sounds so similar that most people get them confused. Medicare is for people who are older or disabled. While‚ Medicaid is for people with limited income and resources. Some people do qualify for both Medicare and Medicaid. There are several differences between the two. Medicare is for adults over the age of sixty-five and some younger with certain disabilities such as end stage renal disease
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delibrate ignorance or reckless disregard to the truth. Civil penalties for false claims are up to $11‚000 for each false claim‚ plus three times the amont of damages the government sustains from each claim. Violation may also lead to exclusion from Medicare and Medicaid (or other Federal health care programs). Damages may be brought by private persons‚ competitors or employees of a provider on behalf of the government. Private persons are entitled to a percentage of the monies
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In the article Medicare Under Observation‚ it is mentioned how unfair and ineffective the Affordable Care Act is for senior citizens in the United States. The article emphasizes on a letter written by a Medicare beneficiary who recently had gone to the emergency room to get treatment for a urinary tract infection and ended up having to stay for hours only to be told he was not going to be able to go home and he was being admitted into the hospital for observation which he claims that under the Affordable
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References: Centers for Medicare & Medicaid services. (n.d.). electronic billing & edi transactions. Retrieved from http://www.cms.gov/ElectronicBillingEDITrans/ Valerius‚ J.‚ Bayes‚ N.‚ Newby‚ C.‚ & Seggern‚ J. (2008). Medical insurance: An integrated claims process
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Medicare changes the health care system by putting a cap on what physicians and other health care agencies are allowed to charge‚ setting guidelines and policies for health care reform‚ and by creating a base foundation for nationwide health care coverage. With the addition of prescription coverage in 1988 under the Medicare Catastrophic Coverage Act‚ the government could monitor the cost of prescriptions‚ driving the cost to the consumer down. Medicare created a stimulus for research
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Medicare is a social program that was specifically designed with a set of objectives‚ it is a national program that seeks to provide a measure of health insurance/or coverage to those individuals that are aged sixty-five or over‚ those individuals that are entitled to Social Security disability payments for two years or more. Additionally‚ people with end-stage renal disease regardless of their income. The program has two distinct separate components‚ but they are coordinated: Hospital Insurance
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