Older People Who Take Multiple Medications

question 46

Multiple Choice

Older people who take multiple medications:

• A) make up only 10% of the population aged 65 and older.
• B) are more likely to be hospitalized for medication complications.
• C) are usually very effective in keeping track of their medications.
• D) have supplemental medical insurance that completely covers the cost of drugs.

Differentiate between credit sales and sales using bank credit cards.

Understand the recording of sales returns and allowances.

Distinguish the operating cycles and financial reporting between service and retail businesses.

Know how the cost of merchandise sold and inventory costs are determined and reported.

---

Definitions:

SUTA

State Unemployment Tax Act - a tax that U.S. employers pay to their state to fund unemployment benefits.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a payroll tax that funds Social Security and Medicare.

FUTA

The Federal Unemployment Tax Act institutes a payroll levy on companies to support state employment organizations.

SUTA

State Unemployment Tax Act; a payroll tax that employers pay to fund their state's unemployment insurance.