Nontax Issues to Consider When Evaluating Current Salary Versus Deferred

question 38

Multiple Choice

Nontax issues to consider when evaluating current salary versus deferred compensation include

• A)the employee may need the cash now.
• B)deferred compensation carries some risk.
• C)deferred compensation may,depending on the contract,lock the employee into continued employment.
• D)All of the above are issues to be considered.

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Definitions:

Ointment

A semisolid preparation usually containing medicinal substances, applied topically for therapeutic reasons.

Prescription

A formal authorization by a licensed medical professional for a patient to obtain, use, or be administered a medication or treatment.

Joint Commission

Refers to the agency that has oversight for hospitals adhering to regulations that allow them to bill for Medicare reimbursement for medical services provided.

Enema

A procedure involving the introduction of liquid into the rectum and colon via the anus to stimulate bowel movement or administer medication.