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CTFA Exams Pack Questions & Correct Answers | Latest Update |Already Graded A+
CTFA Exams Pack Questions & Correct Answers | Latest Update |Already Graded A+
[Show more]CTFA Exams Pack Questions & Correct Answers | Latest Update |Already Graded A+
[Show more]Jean and John Simmons are married and own their own home as tenants by entirety. 
When John dies the home is valued at $350,000. How much will be counted in his gross 
taxable estate? 
A. None, as it passes directly to his spouse, Jean. 
B. $175,000 - or one-half of the value 
C. $225,000 - or the...
Preview 4 out of 63 pages
Add to cartJean and John Simmons are married and own their own home as tenants by entirety. 
When John dies the home is valued at $350,000. How much will be counted in his gross 
taxable estate? 
A. None, as it passes directly to his spouse, Jean. 
B. $175,000 - or one-half of the value 
C. $225,000 - or the...
Constructive Trusts 
: A fraud rectifying trust, imposed by a court to protect those who lose property to a 
wrongdoer 
Resulting Trust 
: An intent enforcing trust based upon the presumed intent of a transferor of 
property 
Implied Trust 
: An implied trust is an element of trust law, and refers...
Preview 3 out of 29 pages
Add to cartConstructive Trusts 
: A fraud rectifying trust, imposed by a court to protect those who lose property to a 
wrongdoer 
Resulting Trust 
: An intent enforcing trust based upon the presumed intent of a transferor of 
property 
Implied Trust 
: An implied trust is an element of trust law, and refers...
"Constructive Receipt" is normally applicable to the tax treatment of... 
: Non-Qualified Deferred Compensation Plans 
Non-Qualified Deferred Compensation 
: TCHRA: Compensation that is not immediately taxable. It does not qualify under 
ERISA for tax exemption. Taxation occurs once the individua...
Preview 3 out of 24 pages
Add to cart"Constructive Receipt" is normally applicable to the tax treatment of... 
: Non-Qualified Deferred Compensation Plans 
Non-Qualified Deferred Compensation 
: TCHRA: Compensation that is not immediately taxable. It does not qualify under 
ERISA for tax exemption. Taxation occurs once the individua...
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