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True or False
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1

You may purchase holiday decorations from the petty cash fund.
A)True
B)False
2

The employee's gross earnings are his take-home pay.
A)True
B)False
3

A physician would have a lower unemployment tax rate than an industry would.
A)True
B)False
4

If your office does only a few throat cultures a year, it makes more sense to send those patients elsewhere for the test than to stock the supplies required.
A)True
B)False
5

The percentage the employer pays for federal unemployment taxes decreases if the employer also pays state unemployment taxes.
A)True
B)False
6

Federal unemployment tax is a deduction from employees' paychecks.
A)True
B)False
7

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
8

Have all employees update their W-4 forms once a year.
A)True
B)False
9

A common disbursement for a physician's office is payment for equipment.
A)True
B)False
10

The law requires all employers to withhold money from employees' net earnings to pay federal, state, and local income taxes.
A)True
B)False





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