Ficep exam guide - Study guides, Class notes & Summaries
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FICEP Study Guide Part 1 Exam With All Solutions Correct 100%
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FICEP Study Guide Part 1 Exam With All Solutions Correct 100%
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FICEP Final exam Study Guide with Complete Solutions
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FICEP Final exam Study Guide with 
Complete Solutions 
Lien - Answer️️ -If a debtor files a _________ on your property you will will unable to 
sell or dispose of it without arrangements on the debt. 
Poor financial habits - Answer️️ -Spending too much, saving too little, carrying too 
much debt, reliance on othersm and caring to little about finance. 
Money avoidance - Answer️️ -The view that money us evil or undeserved 
Money worship - Answer️️ -The belief that money is synonym...
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FiCEP Study Guide Exam Questions with Correct Answers
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FiCEP Study Guide Exam Questions with Correct Answers 
 
tax obligations - Answer-Taking care of _____ is as important for a member's financial well-being as it is to pay their bills on time. 
 
correspondence - Answer-Any _____ from the IRS should be reviewed and dealt with as soon as possible. 
 
taxpayer advocate service. - Answer-If you have not been able to resolve a problem with the IRS, seek assistance from the _____. 
 
tax professional - Answer-Complex tax situations might require memb...
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FICEP STUDY GUIDE PART 1 EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ & PASSED
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FICEP STUDY GUIDE PART 1 EXAM | 
QUESTIONS & ANSWERS (VERIFIED) | 
LATEST UPDATE | GRADED A+ & 
PASSEDFICEP STUDY GUIDE PART 1 EXAM | 
QUESTIONS & ANSWERS (VERIFIED) | 
LATEST UPDATE | GRADED A+ & 
PASSED
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FiCEP Study Guide Exam Questions with Correct Answers
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FiCEP Study Guide Exam Questions with Correct Answers 
 
fees or surcharges - Answer-Sometimes taxes are called _____. 
 
fee - Answer-A _____ could include the cost of a driver's license or a hunting license. 
 
surcharge - Answer-A _____ could be a gasoline tax, tobacco tax, or liquor tax. 
 
tax obligations - Answer-Taking care of _____ is as important for a member's financial well-being as it is to pay their bills on time. 
 
correspondence - Answer-Any _____ from the IRS should be reviewe...
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FiCEP Study Guide Exam Questions and Answers
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FiCEP Study Guide Exam Questions and Answers 
 
Limited (special) POA - Answer-Grants agent authority to act in only specified matters for a specific period of time 
 
Springing (conditions) POA - Answer-Under certain circumstances if one comes ill 
 
3 Necessary documents - Answer-1. Will 
2. Durable POA for health care 
3. Financial POA 
 
Tasks to do before death - Answer-Review insurance needs, protect business interests, visit estate attorney 
 
Immediate steps to take after death - Answer-...
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FICEP Exam Study Guide with Complete Solutions
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FICEP Exam Study Guide with Complete 
Solutions 
Right side of the brain - Answer️️ -This side of the brain processes creativity, patterns, 
spatial awareness, context 
Financial Planning - Answer️️ -Helps members make the most of their incomes to 
accomplish long term goals, including saving and investing for retirement. 
Debt Counseling - Answer️️ -Helps members learn possible ways to structure their 
debt. 
Credit Counseling - Answer️️ -Helps members manage spending in a way t...
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FICEP STUDY GUIDE (FINAL) EXAM QUESTIONS AND ANSWERS 2023.
- Exam (elaborations) • 19 pages • 2024
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FICEP STUDY GUIDE (FINAL) EXAM QUESTIONS AND ANSWERS 2023.
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FICEP STUDY GUIDE (FINAL EXAM QUESTIONS AND ANSWERS)
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operating costs 
A tax is defined as a contribution that supports the _____ of a government. 
 
 
 
progressive 
A _____ tax requires a taxpayer to pay more tax as their income increases. (Federal and state income taxes are examples) 
 
 
 
regressive 
A _____ tax charges the same percentage of the cost of a good or service, no matter what the taxpayer earns. (Sales tax, gas taxes, and liquor taxes are examples) 
 
 
 
fees or surcharges 
Sometimes taxes are called _____. 
 
 
 
fee 
A _____ cou...
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FiCEP Study Guide (Final) Exam Question with Complete Solutions
- Exam (elaborations) • 22 pages • 2024
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operating costs - Answers-A tax is defined as a contribution that supports the _____ of a government. 
 
progressive - Answers-A _____ tax requires a taxpayer to pay more tax as their income increases. (Federal and state income taxes are examples) 
 
regressive - Answers-A _____ tax charges the same percentage of the cost of a good or service, no matter what the taxpayer earns. (Sales tax, gas taxes, and liquor taxes are examples) 
 
fees or surcharges - Answers-Sometimes taxes are called _____....
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