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AAMS (Accredited Asset Management Specialist) Exam; Questions and Answers 100% Verified All of the following are major steps in the asset management process except A) Making and implementing recommendations B) Gathering Data C) Establishing Goals D) Establishing an asset allocation policy Correct answer-D) Establishing an asset allocation policy Stefan's business plan includes the following goal: "I will contact 50 prospective clients and document this activity in the CRM for trac...

AAMS Module 5: Taxation of Investments Exam Study Guide with Complete Solutions Basic Tax Formula - Answer️️ -1 Total Income Minus 2 Adjustments to Income (deductions for adjusted gross income) Equals 3 (AGI) Adjusted Gross Income Minus 4 Standard Deduction or Total itemized Deductions Equals 5 Taxable Income 6 Calculate Tax Minus 7 Credits Plus 8 Other Taxes (Self employment tax, etc) Equals 9 Net Tax Liability (if negative, there's a refund) Gross Income - Answer️️ -Technic...

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