Health and social care is a massive part of our daily lives; 1) it impacts on our children 2) it impacts on our well being 3) it impacts our capabilities as a person by limiting the skill set we have for daily life Page 1 of 2 7.1 STRUCTURE AND PROVISION OF SERVICES The four sectors of health and social services are the public (statutory) sector‚ the private sector‚ the voluntary sector and informal care. Sometimes‚ the private and voluntary sectors are called the independent sector.
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Question 1 (5 points) Carlos goes to the bank to take out a personal loan. The stated annual interest rate is 10%‚ but interest is compounded quarterly and he will make monthly payments. What is the EAR? Your Answer Score Explanation 2.50% 8.94% 10.00% 10.38% Correct 5.00 Correct. Total 5.00 / 5.00 Question Explanation Interest rate conversion. Question 2 (5 points) Gloria is 37 and trying to plan for retirement. She has put a budget together and plans to save $4‚100 per year‚ starting
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University of Phoenix Material Retirement Planning Worksheet Step 1: Estimate your retirement income at: http://www.bankrate.com/calculators/retirement/retirement-plan-income-calculator.aspx You will be asked to answer six questions. If you are unsure of what the fields are‚ the definitions are below on the same page. There are some assumptions about how much your investments will earn‚ inflation rates‚ and tax rate; you can edit these to see how they impact the calculation. Based on your
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The Economic Benefits and Future Outlook of Social Security Social security must change for the future challenges about to be faced. The social security administration has been here for almost 70 years. It is here to provide for retirement‚ disability‚ and survivor’s insurance. About 7.5 million people get monthly survivor benefits‚ and more than six million get disability. There are about 45 million people who receive retirement‚ survivors and disability benefits. For an average
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TLa G.R. No. 181995 BIBIANO C. ELEGIR‚ petitioner‚ v. PHILIPPINE AIRLINES‚ INC.‚ respondent. July 16‚ 2012 Doctrine: The Court ruled that both Article 287 and PAL’s retirement plans are alternative in nature and the retired pilot only is entitled to which have the superior benefits. Article 287 of the Labor Code is applicable only to a situation where: there is no CBA or other applicable employment contract providing for retirement benefits for an employee‚ or if there is a CBA or other
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Quintessential Kelly Andrew Kelly has been employed by the Wearever Tire and Rubber Company for more than twenty-five years. Kelly is‚ despite his long service‚ only 43 years of age. He began employment in the mail room right after high school‚ received several promotions‚ and was‚ at the age of 21 transferred to the credit department. Kelly has been there ever since and is now the senior employee in the department of sixty people. Kelly is the quintessential “valuable employee.” His loyalty
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The debate on the privatization of Social Security is a controversial one with advocates for both sides. When Franklin Roosevelt signed off on a bill on August 14‚ 1935‚ known as the Social Security Act‚ a social insurance system was created where workers’ would allocate a small portion of their earned wages to enable financial protection for when they retire (See Figure 1) (Privatizing Social Security). It specifically states that its purpose was "to provide for the general welfare by establishing
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Why should someone spend their whole life paying taxes in order to get nothing back? This is what Social Security‚ a system used to provide financial aid to retirees in the United States‚ is becoming. In 2034‚ the system is projected to only be able to pay 75% of the payments it is supposed to make‚ declaring Social Security insolvent‚ or unable to pay its debts (Baldwin). Social Security‚ the primary source of income for two-thirds of retirees in the United States‚ is paying out $68 billion more
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Tutorial 6 : Chapter 11 – Capital Gains Tax 11.6 Dave Solomon is 59 years of age and is planning for his retirement. Following a visit to his financial adviser in March of the current tax year‚ Dave wants to contribute funds to his personal superannuation fund before 30 June of the current tax year. He has decided to sell the majority of his assets to raise the $1‚000‚000. He then intends to rent a city apartment and withdraw tax-free amounts from his personal superannuation account once he turns
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Older Pre-retirement Woman SUMMARY Tracy is a 58 years old woman‚ who is now at a pre-retirement position at Commonwealth‚ she is working as a senior business analyst there. She can still get a high wage about $180‚000(Payscale‚2016). She is graduated from Sydney University with a master of Commerce degree. Her children all stayed overseas‚ so there is only she and her husband at home‚ which means this is a household of 2. She lives in a 2 bedrooms apartment at King St near Darling Harbor. As the
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