Constructive receipt - Study guides, Class notes & Summaries

All Practice Exam Questions - Life, Accident and Sickness - GA State License with 100% Correct Solutions 100% - Correct Answer ️️ -How much participation does a Noncontributory plan require? constructive delivery - Correct Answer ️️ -The insured hands control of the policy to another person (usually the agent) beneficiary change can be made by doing what? - Correct Answer ️️ -Filing a request with the insurer - Recording Method, or by endorsement Entire Contract Provision - C...

LA Claims Adjuster Property and Causality Practice Exam 2 Questions and Answers Already Passed A single Declarations page common to all coverages A single conditions section common to all coverages A commercial package policy always includes Send the insured a reservation of rights letter If the insured fails to report claim in a timely fashion, the adjuster will immediately ___ $1000 per person The basic limit for coverage F-medical payments of the standard homeowners form is nor...

Real property can be converted to personal property by: -:- severance Legal descriptions using the government survey system are NOT generally used in: -:- the original 13 states Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding water rights. In many states, the common law doctrine of riparian and littoral rights dictates that water rights are automatically conveyed wit...

A prospective buyer made an offer to purchase a property. The owner responded with a counteroffer. While the buyer was reviewing the counteroffer, the owner received a better offer. The owner can accept the second offer if - the owner withdraws the counteroffer before it is accepted. Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price differ...

LSU ACCT 3221 Chapter 3 | Questions with 100% Correct Answers True/False: For tax purposes, income is recognized if the transaction meets three conditions: economic benefit, occurrence and completion, and not exempt from tax. True True/False: Marie performed bookkeeping services for Donald charging him $350. Donald agreed that he would pay Marie's credit card bill for the same amount. Marie has received an economic benefit and must report $350 in income on her tax return. True True/False: Joh...

CDFM - Module 3 Questions & Answers Questions with 100% Correct Answers What is the Budgetary Account formula? - answerRecourses = Status of Resources Source of Incoming Funds = Use/location of Funds Under the Prompt Pay Rules, when is Constructive Acceptance considered to take place? - answerwhen acceptance document has not been received in a timely manner (NLT 7 calendar days after receipt What are the 5 valid voucher requirements - answer(1) voucher heading and date (2) Line of Accoun...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

National Real Estate Exam – Hawaii Already Graded A+ In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens ️no longer have any claim on the property. A judgment has been properly recorded. Any subsequent purchasers, whether they have actually examined the record or not, have been given ️constructive notice. A salesperson lists a property with a contract that allows for sub agency and dual agency. The salesperson is ️an agent to the b...

When do Social Security Benefits (SSBs) become taxable? Answer - When a persons MODIFIED INCOME exceeds the BASE AMOUNT of their filing status. What is Modified Income for RETIREMENT INCOME? Answer It equals 1/2 of the SSB plus all other income, including any TAX EXEMPT income. What is Base Amount FOR RETIREMENT INCOME? Answer It equals (Complete Answer) -$25,000 for filing single or head of household -$32,000 for filing married jointly -$0 for filing married separate Owners of tradi...

CTFA Practice Exam With Latest Updated Solutions 2024 "Constructive Receipt" is normally applicable to the tax treatment of... - correct answer.Non-Qualified Deferred Compensation Plans Non-Qualified Deferred Compensation - correct answer.TCHRA: Compensation that is not immediately taxable. It does not qualify under ERISA for tax exemption. Taxation occurs once the individual receives the compensation or "property" A 1035 exchange refers to a tax free exchange of... - ...