Ans) • Mental health conditions can be workers' compensation injuries or occupational diseases, too, just like physical conditions. Most states cover both psychiatric injuries from singular events, such as post-traumatic stress disorder (PTSD), and conditions arising over time, such as depression and severe anxiety.
• Certain types of workers and jobs are not covered by workers' compensation.
- The main categories of workers that are not covered by traditional workers' compensation are: business owners, volunteers, independent contractors, federal employees, railroad employees, and longshoremen.
What are some examples of injuries that are covered under a worker's compensation plan? Are there...
What are some examples of injuries that are covered under a worker's compensation plan? Are there circumstances in which injuries occurring at work will not be paid for by worker's compensation?
Part 1:According to Charney, back injuries account for how much in worker's compensation costs annually? Select one: a. 10-20% b. 33-50% c. 75-90% Part 2: National Institute for Occupational and Safety and Health is the governmental agency responsible for employee health and safety. Select one: True False Part 3: JCAHO is a governmental agency that health organizations comply in order to receive insurance reimbursements. True False Part 4: Who has more members in the Service Employees International Union, men or...
Explain the basis behind workers compensation. What was the historical background that generated this line of insurance? What types of benefits does worker's compensation coverage provide? How does workers compensation work in terms of coverage, rating and premium generation?
Code $ 104 - Compensation for injuries or sickness a) In general Except in the case of amounts attributable to (and not in excess of) deductions allowed under section 213 (relating to medical, etc., expenses) for any prior taxable year, gross income does not include (1) amounts received under workmen's compensation acts as compensation for personal injuries or sickness; (2) the amount of any damages (other than punitive damages) received (whether by suit or agreement and whether as lump sums...
Peter Swap is an employee covered by the stock compensation plan of the Mizri Corporation, a nonpublic company. Under the plan, Peter can purchase up to 10,000 shares of Mizri common stock over the next five years at a price of $100 per share (the market price per share at the date of grant). As Mizri was unable to estimate the fair value of these options at the date of grant, they have opted to apply the intrinsic value method...
Differentiate between Medicare and Medicaid. Who is covered under each plan? Who funds each plan?
XYZ Corporation has a deferred compensation plan under which it allows certain employees to defer up to 40 percent of their salary for five years. For purposes of this problem, ignore payroll taxes in your computations. b. Assume Julie, an XYZ employee, has the option of participating in XYZ’s deferred compensation plan. Julie’s marginal tax rate is 37 percent and she expects the rate to remain constant over the next five years. Julie is trying to decide how much deferred...
XYZ Corporation has a deferred compensation plan under which it allows certain employees to defer up to 20 percent of their salary for five years. For purposes of this problem, ignore payroll taxes in your computations. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) a. Assume XYZ has a marginal tax rate of 21 percent for the foreseeable future and earns an after-tax rate of return of 9 percent on its assets. Joel Johnson, XYZ’s...
Describe pay for performance including examples of jobs that might have that type of compensation. What are some benefits and downsides to pay for performance?
XYZ Corporation has a deferred compensation plan under which it allows certain employees to defer up to 40 percent of their salary for five years. (for purposes of this problem, ignore payroll taxes in your computation) (Round your intermediate calculations and final answers to the nearest whole dollar amount.) a. Assume XYZ has a marginal tax rate of 35 percent for the foreseeable future and earns an after-tax rate of return of 12 percent on its assets. Joel Johnson, XYZ's...