Question
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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