A Company Uses Graduated First-Dollar-Of-Profits Formula for Their Profit-Sharing Plans

question 11

Multiple Choice

A company uses graduated first-dollar-of-profits formula for their profit-sharing plans.They choose to share 4% of the first $10 million of after-tax profits and 7% of the after-tax profits in excess of that level.If this company's after-tax profit were $15 million last year,how much of this profit would be distributed to the employees?

• A)$1,200,000
• B)$1,000,000
• C)$750,000
• D)$600,000

Identify and apply the general rules for assigning CPT and ICD codes.

Comprehend the classification and indexing of diseases, injuries, health factors, and external causes within ICD-9-CM.

Recognize the appendices in the ICD-9-CM manual and their applications.

Understand the objectives behind the development of ICD-10-PCS and the benefits of ICD-10-CM for coding accuracy.

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Definitions:

Excluding Courts

Legal processes or mechanisms designed to temporarily or permanently bar certain actions or decisions within judicial systems.

Feminist Theory

A theoretical framework that seeks to understand gender inequality, examines women's social roles and experiences, and advocates for women's rights and interests.

Pluralist Model

A theoretical model of power in society as coming from the representation of diverse interests of different groups in society.

Power Elite Theories

Theories suggesting that societies are ruled by a small group of individuals who hold the majority of power and wealth.