Estates law school - Study guides, Class notes & Summaries

CPP Practice Exam 208 Questions with Verified Answers From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT - CORRECT ANSWER A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3...

CIPM Scenario Practice Exam 98 Questions with Verified Answers SCENARIO ALBERT & TREASURE BOX - CORRECT ANSWER ANSWER THESE CARDS IN ORDER AND USE THE NEXT CARD FOR THE FOLLOWING QUESTIONS SCENARIO ALBERT & TREASURE BOX For 15 years, Albert has worked at Treasure Box - a mail order company in the United States (U.S.) that used to sell decorative candles around the world, but has recently decided to limit its shipments to customers in the 48 contiguous states. Despite his years of exper...

Notary Public Exam 1) When can a notary public reapply for commission without re-testing? - ANS 1) Up until 6 months from expiration date. 2) Up until 1 year after military discharge (except dishonorable) 3) When the renewal is mailed to the notary public reminding that expiration date is in 3 months. 2) Who is appointed to accept process service on behalf of the notary public who is a non-resident? - ANS The Secretary of state. 3) Can a notary public be denied reappointment a...

Article 26 of the Arizona Constitution - Answer Gives licensees the authority to prepare all types of real estate contracts but only when preparation is incidental to their function as agent and agent does not charge for preparation. Statute of Frauds - Answer Requires real estate contracts to be in writing to be enforceable Commisioner's Rules - Answer Not law but have the force and effect of law on licensees Real Estate Commissioner - Answer Appointed by the Governor. Needs 3 years o...

NH Test Part 8 - NH Principles and Practice Questions and Answers 100% Pass 1. New Hampshire wishes to widen a highway between Plymouth and Concord. The state exercises it's right of eminent domain and takes a portion of a property through condemnation proceedings. The real estate transfer tax for the conveyance to the state would be: A. One half the usual real estate transfer tax of $.75 per hundred per side B. The same as a regular transfer of real estate, but the cost is borne by the stat...

State Exam FLORIDA REAL ESTATE Questions and Answers 100% Pass When money is paid out of the RE recovery fund, on behalf of a Florida Real Estate the licensee's license will be automatically suspended, the max. amount that can be reimbursed is $50,000, the judgement holder cannot be reimbursed for attorney's fees and court costs Which of the following is true regarding the Florida RE commission? Two members do not have to have a Florida Real Estate license The Fair Housing Act prohibits disc...

Basic Appraisal Procedures/Steps- With 100% Correct Solutions. 8 Steps in the Valuation Process 1) Define the problem 2) Determine scope of work 3) Gather, record and verify the data 4) Determine the highest and best use 5) Estimate the land value 6) Estimate value by each of the 3 approaches (if applicable) 7) Reconcile the estimated values into the final opinion of value 8) Report the final opinion of value Defining the Problem: 6 Sub-steps within -Identification and location o...

Circular 230 - Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - The release of tax information by an IRS employee. Due Diligence - Requirements that tax professionals must follow when preparing income tax returns. Noncompliance - Failure or refusal to comply with the tax code. Privilege - Protection from being required to disclose confidential communications between two parties, suc...

Chapter 03 Extent of Real Estate Interests TRUEFALSE 1. Land ownership includes air rights and subsurface rights. (A) True (B) False Answer : (A) 2. Air rights and subsurface rights cannot be conveyed independently. (A) True (B) False Answer : (B) 3. Because a landowner owns the airspace above the land, air travel through that airspace is prohibited. (A) True (B) False Answer : (B) 4. A column lot is the space between the earth's surface and an imaginary plane 23' above the surface. ...

H&R Block Income Tax Course QUESTIONS AND ANSWERS ALL VERIFIED H&R Block Income Tax Course Circular 230 - ANS Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. Disclosure - ANS The release of tax information by an IRS employee. Due Diligence - ANS Requirements that tax professionals must follow when preparing income tax returns. Noncompliance - ANS Failure or refusal to co...