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Busi 352 Exam 3 Questions With Actual Responses
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Busi 352 Exam 3 Questions With Actual Responses
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Busi 352 Exam 3 Questions With ActualResponses
angela snyder, age 32, has 19000 in her qualified retirement plan the maximum amount
that angela can borrow against her account is what CORRECT ANSWERS 10,000
fiduciary typically includes CORRECT ANSWERS A fiduciary may be responsible for
general well-being of another (e.g. a child's legal guardian), but often the task involves
finances—managing the assets of another person, or of a group of people, for example.
Money managers, financial advisors, bankers, insurance agents, accountants,
executors, board members, and corporate officers all have fiduciary responsibility.
with liquidity is one of several specific investment objectives in a qualified plan which of
the following types of assets offer the best liquidity CORRECT ANSWERS stocks, short
term debt, long term debt, real estate, equipment leasing, other investments
most of the ERISA investment rules are intended to CORRECT ANSWERS provide a
specific list of fonts to compare with the general fiduciary rules
for individuals who have attained age 50 before the close of the tax year what is the
maximum dollar amount that they may contribute to a traditional ira in 2020 CORRECT
ANSWERS 7000
pam wants to use money from a traditional ira for a down payment to purchase her first
home how much can she distribute from her plan without paying the penalty CORRECT
ANSWERS 10,000
borrowing from an ira CORRECT ANSWERS
when can eligible persons establish an ira account and claim the appropriate tax
deduction CORRECT ANSWERS Anyone with a traditional IRA may be eligible for a tax
credit or deduction on their 2018 tax return if they make contributions by April 15, 2019.
Peter is 50 years old and decides to establish a contribution to a Roth IRA for the first
time this year what is the minimum number of years Peter must wait before being able
to withdraw any accumulated earnings tax free CORRECT ANSWERS 5 years
Xander established a Roth IRA five years ago when must he begin taking contributions
to avoid penalty CORRECT ANSWERS there is no penalty while alive
Ways that a Roth IRA differs from a traditional IRA include: CORRECT ANSWERS pg
163
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