Cdfa exam module 3 - Study guides, Class notes & Summaries

CDFA Module 2 Exam Questions And Answers Asset most likely to be couple's most valuable? - ANS- Family Home Separate Property - ANS- Property a person brings into the marriage; inherits during the marriage; or receives as a gift during the marriage. Marital Property - ANS- Everything acquired during the marriage, regardless of which spouse owns the property (including the increase in value of property in some states). Key documents for collecting financial information - ANS- financial ...

CDFA EXAM MODULE #3 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+CDFA EXAM MODULE #3 | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

Revenue Act of 1942 Correct Answer: Required certain spousal support payments to be included in recipient spouse's income. Prior to 1942 there was NO statute regarding taxation of support. Revenue Act of 1954 Correct Answer: Required spousal support for those separated and not divorced to be subject to taxation; i.e. temporary taxable support is subject to taxation. Tax Reform Act of 1976 Correct Answer: Permitted spousal support to be deductible in arriving at adjusted gross incom...

CDFA Module 2 Exam Questions And Answers Asset most likely to be couple's most valuable? - ANS- Family Home Separate Property - ANS- Property a person brings into the marriage; inherits during the marriage; or receives as a gift during the marriage. Marital Property - ANS- Everything acquired during the marriage, regardless of which spouse owns the property (including the increase in value of property in some states). Key documents for collecting financial information - ANS- financial...

CDFA Module 2 Exam Questions And Answers Asset most likely to be couple's most valuable? - ANS- Family Home Separate Property - ANS- Property a person brings into the marriage; inherits during the marriage; or receives as a gift during the marriage. Marital Property - ANS- Everything acquired during the marriage, regardless of which spouse owns the property (including the increase in value of property in some states). Key documents for collecting financial information - ANS- financial...

Revenue Act of 1942 ANSWER- Required certain spousal support payments to be included in recipient spouse’s income. Prior to 1942 there was NO statute regarding taxation of support. Revenue Act of 1954 ANSWER- Required spousal support for those separated and not divorced to be subject to taxation; i.e. temporary taxable support is subject to taxation.

Revenue Act of 1942 correct answersRequired certain spousal support payments to be included in recipient spouse's income. Prior to 1942 there was NO statute regarding taxation of support. Revenue Act of 1954 correct answersRequired spousal support for those separated and not divorced to be subject to taxation; i.e. temporary taxable support is subject to taxation. Tax Reform Act of 1976 correct answersPermitted spousal support to be deductible in arriving at adjusted gross income, allowin...

CDFA Module 2 Exam Questions And Answers Asset most likely to be couple's most valuable? - ANS- Family Home Separate Property - ANS- Property a person brings into the marriage; inherits during the marriage; or receives as a gift during the marriage. Marital Property - ANS- Everything acquired during the marriage, regardless of which spouse owns the property (including the increase in value of property in some states). Key documents for collecting financial information - ANS- financi...

CDFA Module 2 Exam Questions And Answers Asset most likely to be couple's most valuable? - ANS- Family Home Separate Property - ANS- Property a person brings into the marriage; inherits during the marriage; or receives as a gift during the marriage. Marital Property - ANS- Everything acquired during the marriage, regardless of which spouse owns the property (including the increase in value of property in some states). Key documents for collecting financial information - ANS- financial...

Revenue Act of 1942 ANSWER- Required certain spousal support payments to be included in recipient spouse’s income. Prior to 1942 there was NO statute regarding taxation of support. Revenue Act of 1954 ANSWER- Required spousal support for those separated and not divorced to be subject to taxation; i.e. temporary taxable support is subject to taxation.