FICEP EXAM BUNDLE (RATED A+)

FICEP Test Review Exam Questions and Answers if a member thinks of a new obligation as only a few more dollars a month, without considering the total cost of the purchase, this usually indicates that they are - Answer-focusing too little on the future members viewing their 401k contributions a...

FiCEP Study Guide Exam Questions with Correct Answers tax obligations - Answer-Taking care of _____ is as important for a member's financial well-being as it is to pay their bills on time. correspondence - Answer-Any _____ from the IRS should be reviewed and dealt with as soon as possible. ...

FiCEP Study Guide Exam Questions and Answers Limited (special) POA - Answer-Grants agent authority to act in only specified matters for a specific period of time Springing (conditions) POA - Answer-Under certain circumstances if one comes ill 3 Necessary documents - Answer-1. Will 2. Durab...

FiCEP Quiz Questions and Answers

FICEP Part 2 Exam Questions with 100% Correct Answers Dividends - Answer-The amount that stockholders in a company receive. Represents a portion of a company's profits Flexible Spending Plan (FSA) - Answer-A program offered by employers which allows employees which allows employees to pay for...

FiCep Part 1 Exam Questions with Complete Solutions What is the best tactic for helping members who are in the "earn/spend/earn/spend" cycle? - Answer-Each paycheck must be divided up for specific categories such as savings and debt What are the six steps of the financial counseling process?...

FiCEP Module 5 Exam Questions with Correct Answers Basic principles of ________________________ include saving now, living below means, diversifying investments, thinking long term, and understanding brokerage fees. - Answer-retirement (True or False) Social security was designed as a suppleme...

FiCEP Module 1 Exam Questions with Complete Solutions Which spending cycle relies on debt to maintain their lifestyle? - Answer-Earn / Spend / Borrow / Spend What is money avoidance? - Answer-Money is viewed as the root of evil and undeserved. What is money worship? - Answer-Money equals ha...

FiCEP Latest Exam Questions and Answers money avoidance - Answer-believe that money is bad and they do not deserve it; may ignore their finances and avoid thinking about money; may also give away money to others in order not to have it. money worship - Answer-convinced that more money will sol...

FiCEP Final : CUNA Review Exam Questions and Answers What benefit is offered when VITA services are combined with credit union programs that encourage taxpayers to open accounts for direct deposit of tax refunds? - Answer-Direct deposit reduces the time required to get a refund, which counters th...

FICEP Exam Review Questions with 100% Correct Answers Maslow's Hierarchy of Needs - Answer-Understanding the needs members are attempting to meet with their financial actions Left Hemisphere - Answer-Conscious Mind, orderly and systematic processing Right Hemisphere - Answer-Unconscious Mi...

FICEP EXAM QUESTIONS WITH VERIFIED ANSWERS Which group of taxpayers usually qualifies for the Earned Income Tax Credit (EITC)? - Answer-Low-income families with earned income qualify for the credit. These six expenses are typically accepted by the IRS as itemized deductions: - Answer-Tradition...

FiCEP 75-100 Exam Questions with Correct Answers What are the three types of taxes? - Answer-Progressive (ex. income tax) 2. Regressive - % of cost (ex. Sales tax) 3. Flat or level - percentage of income, no limit, everyone pays same What are tax filing status options? - Answer-1. Single 2. Ma...

2023/2024 FICEP Study Guide Exam Questions and Answers Hard approach - Answer-left/analytic side, assertive/orderly/straightforward Soft approach - Answer-Right/creative side, offers possibilities and suggestions Johari Window Zones - Answer-open, blind, hidden, unknown Open - Answer-Inf...