Security 401 - Study guides, Class notes & Summaries

FINRA SIE Practice Test Questions with Verified Solutions For a married couple who has consistently earned over $300,000 annually for the past two years and expects similar income in the current year, what classification applies? They are considered accredited investors. What is a key feature of an annuity contract that influences the payment amounts to the annuitant? The type of annuity chosen impacts the size of the payments received. What common characteristic do Roth 401(k) an...

SANS 401 GSEC Exam Latest Update with Certified Answers Network Topology The Physical/Logical shape of a network Logical Topology Gives the description for the physical layout, shows VLAN's and where they are placed on the physical topology Trunk Port Connects packets that travel to all VLAN's on a switch Baseband Systems Transmits one signal on the medium (fiber, copper, etc) Broadband Form of multiplexing to join multiple signals on a medium Ethernet Designed as baseban...

Apparent Authority - correct answer -producer is exposed to telephone prospects on the insurer's behalf to arrange sales appointments Bud, age 68, whose income consists of his pension and Social Security benefits - correct answer -All of the following are eligible to make contributions (tax-deductible or otherwise) to a traditional IRA EXCEPT: Pete, age 19, who works part time delivering pizzas while attending school Derek, age 32, who is covered by his employer's 401(k) plan Lyndie, age...

SIE Practice Exam 2 Questions and Answers Already Passed What documentation is required by the IRS if a taxpayer uses the substantially equal periodic payment (SEPP) exception to avoid early withdrawal penalties? A. Evidence of financial difficulty B. Proof that withdrawals are for qualified medical or educational expenses C. Verification of proper tax withholding D. None of these options D What term refers to an individual who provides compensation-based advice on securities, m...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

Apparent Authority - correct answer -producer is exposed to telephone prospects on the insurer's behalf to arrange sales appointments Bud, age 68, whose income consists of his pension and Social Security benefits - correct answer -All of the following are eligible to make contributions (tax-deductible or otherwise) to a traditional IRA EXCEPT: Pete, age 19, who works part time delivering pizzas while attending school Derek, age 32, who is covered by his employer's 401(k) plan Lyndie, age...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? - Errors and Omissions Insurance Which of the following terms is known as the voluntary relinquishment of a given right or privilege? - Waiver This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance as a form of interstate commerce? - United States v. Southeastern...

Errors and Omissions Insurance - Which type of insurance protects an agent and even pays claims if a lawsuit is brought against the agent as a result of failing to provide a service to a client? Waiver - Which of the following terms is known as the voluntary relinquishment of a given right or privilege? United States v. Southeastern Underwriters Association (1944) - This Supreme Court case placed the regulation of insurance within the authority of the federal government by defining insurance a...

Once the employer has computed the employee's gross pay, the next step is: correct answers to deducted mandatory, voluntary, and mandated amounts After computing employee gross pay, the next step is to: correct answers subtract pre-tax deductions Daniel is a new employee looking at contributing to a 401(k) offered through the company. How will his contributions affect his tax liability? correct answers -No change to FICA tax liability -Lower federal income tax The purpose for using gr...