In 2017, Which Governmental Entity Will Impose Penalties Up to $450

question 69

Multiple Choice

In 2017, which governmental entity will impose penalties up to $450 on any employee who fails to undergo certain health screenings or treatment plans?

• A) City of Boston
• B) City of New York
• C) Hennepin County Minnesota
• D) State of Massachusetts
• E) State of Maryland

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Definitions:

Normal Balance

The normal balance is the side (debit or credit) of an account that is expected to have a higher balance based on the accounting equation.

Financial Statement(s)

Reports summarizing the financial performance, position, and cash flows of a business over a specified period, including balance sheet, income statement, and cash flow statement.

Permanent/Temporary

Defines classifications of accounts in accounting where permanent accounts refer to balance sheet items that carry over into the next fiscal period, while temporary accounts are closed at the end of each accounting period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating the account’s increase.