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True or False
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1
The physician usually authorizes several people to handle the purchasing of supplies and other products.
A)True
B)False
2
Federal unemployment tax is a deduction from employees' paychecks.
A)True
B)False
3
The purpose of the petty cash fund is to avoid writing checks for small amounts.
A)True
B)False
4
The Fair Labor Standards Act requires overtime payments for part-time hourly employees for every hour worked beyond the normal 8 hours in a day or 40 hours in a week.
A)True
B)False
5
All employees should update their W-4 forms once a year.
A)True
B)False
6
The employee's gross earnings are his take-home pay.
A)True
B)False
7
If your practice is not required to use EFT, you must submit employment taxes with a Federal Tax Deposit Coupon.
A)True
B)False
8
A Federal Unemployment Tax Return is also called Form W-4.
A)True
B)False
9
When ordering supplies for a practice, it is better to buy too little and reorder more frequently than to buy too much.
A)True
B)False
10
You may purchase holiday decorations from the petty cash fund.
A)True
B)False





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