FCC Business and Professional Practices Flashcards

What is the primary purpose of a written contract between an FCC provider and a family?

Answer: To outline fees, hours, and policies to protect both parties

A written contract clearly establishes fees, hours, and policies so both the provider and family have shared expectations and legal protection.

Which record-keeping practice is most important for an FCC provider to maintain for tax purposes?

Answer: Tracking all business income and allowable expenses throughout the year

Tracking all income and deductible business expenses year-round ensures accurate tax filing and maximizes legitimate deductions for the FCC provider.

The Time-Space Percentage is used by FCC providers primarily to calculate:

Answer: The deductible portion of home expenses for taxes

The Time-Space Percentage determines what share of home expenses—such as mortgage, utilities, and repairs—can be deducted as business costs on the provider's taxes.

Which of the following is considered an ethical obligation of an FCC provider under professional codes of conduct?

Answer: Maintaining confidentiality of families' personal information

Professional ethics require FCC providers to keep all family and child information strictly confidential, sharing it only with authorized parties.

An FCC provider should include which item in a written sick-child policy?

Answer: Clear criteria for when a child must be excluded due to illness

A sick-child policy must specify exclusion criteria—such as fever thresholds or symptom types—so families know when to keep their child home.

When setting tuition rates, an FCC provider should consider all of the following EXCEPT:

Answer: The hair color of enrolled children

Hair color of children is completely irrelevant; rates should reflect market data, actual costs, and the provider's qualifications.