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50. Which of the following income tax credits, tax-advantaged accounts, or deductions are available to taxpayers who are in high income tax brackets? Coverdell Education

50.

Which of the following income tax credits, tax-advantaged accounts, or deductions are available to taxpayers who are in high income tax brackets?

Coverdell Education Savings Account

Lifetime Learning Credit

Section 529 plan

Deduction for interest on education loans

49. Ron is trying to determine a new clients risk tolerance. Which of the following sources of information could help Ron?

I Response from the new client when asked directly about risk tolerance

II Questionnaire completed by the new client

III The new clients previous actions

IV The new clients demographic characteristics

I only

I and II only

I, II, and IV only

I, II, III, and IV

41.

Kaylee wants to fund her 21-year-old daughter Jennas masters degree as a present for finishing her undergraduate degree. Jenna will start her masters program in one year. The current cost of tuition is $25,000 per year and she expects it to increase 8% per year. She also anticipates earning 6% per year on her investments. Approximately how much does Kaylee need to contribute today to fund her goal?

$24,500

$25,000

$25,500

$26,000

Physical attending requires the financial planner to do all of the following, EXCEPT:

Look the client directly in the eye

Lean back in the chair to not invade the clients personal space

Sit at the table directly across from the client

Maintain a relaxed behavior with the client

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