Question 1 5.0 Points
With a __________, you, and usually your employer, pay funds into your retirement plan.
A. contributory retirement plan
B. deducted-benefit plan
C. noncontributory retirement plan
D. None of the above
When planning the retirement payout, there are several options from which to choose. With the __________ option the annuity provides payments over the life of both you and your spouse.
A. lump sum annuity
B. single life annuity
C. annuity for life
D. combination annuity
Question 3 5.0 Points
An attachment to a will that alters or amends a portion of the will is called a:
C. letter of last instructions.
All of the following are commonly used estate planning tools EXCEPT:
A. gifts and trusts.
B. durable power of attorney and joint ownership of assets.
C. life insurance.
D. All of the above are commonly used estate planning tools.
Question 5 5.0 Points
A trust that gives the individual establishing the trust the ability to direct income from the trust to his or her spouse over the spouse’s life, and then, at the spouse’s death, to choose to whom the assets go is called a:
A. unified credit trust.
B. sprinkling trust.
D. A-B trust.
Question 6 5.0 Points
How is the size of a person’s Social Security retirement benefits determined?
A. It depends on the number of credits earned in a person’s lifetime.
B. It depends on the average level of earning over a person’s lifetime.
C. It depends on the number of years a person has paid Social Security taxes.
D. Both B and C are correct.
Question 7 5.0 Points
Carey is a widow with two teenagers, Brenda age 13 and Terry age 15. Her health has declined and she knows that a will should be drafted. Which of the following statements is NOT a reason to have a will?
A. Without a will the court will appoint an administrator for the estate.
B. Without a will, the estate administration fees will be lower.
C. Without a will the court will choose Brenda’s and Terry’s guardian(s).
D. The children’s best interests may not be served without a will.
Question 8 5.0 Points
Which of the following is a typical cash need of the estate?
A. estate and inheritance taxes
B. funeral expenses
C. outstanding debt
D. All of the above
If a mutual fund’s NAV is $50 and its expense ratio is 2.0 percent, what are the total expenses per share?
Question 10 5.0 Points
To calculate the NAV, the market value of the portfolio less liabilities is divided by the __________ to arrive at a per-share basis.
A. shares currently issued by the fund
B. maximum shares to be issued
C. average number of shares in comparable funds
D. original number of shares
Question 11 5.0 Points
What would be the tax consequence of owning a mutual fund that made distributions of $600 resulting from short-term gains and $800 resulting from long-term gains assuming a 30% tax bracket and a 10% capital gains rate?
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more