How Many Characters Are in a HCPCS Level II Modifier

question 26

Multiple Choice

How many characters are in a HCPCS Level II Modifier?

• A) Two characters: letters or numbers
• B) Three letters
• C) Three characters: letters or numbers
• D) Two numbers

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before accounting for certain expenses.

Operating Expenses

Regular costs associated with operating a business, such as rent, utilities, and payroll.

Net Income

The final amount of profit a company declares after reducing its total revenue by the incurred taxes and expenses.

Single-Step Income Statement

A simplified income statement that calculates net income by subtracting total expenses from total revenues with only one step.