Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with these questions? thanks a lot all the info is in the file Which of the following characteristics describe listed managed funds?

image text in transcribedimage text in transcribed

please help me with these questions?

thanks a lot all the info is in the file

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Which of the following characteristics describe listed managed funds? Select one: G a. The fund manager is generally obliged to repurchase any units if an investor wishes to sell them. O b. All of the characteristics C\" 0. Units can only be bought and sold through a fund manager. ('1 cl. The price of the unit can be significantly influenced by the investment demand and supple in the market. C e. The value of the unit is determined solely by the value of the underlying assets Jessica is 58 years old (her preservation age was 55) and she is retired. Jessica commenced an account based pension. Fiona's contributions come from a taxed source. The taxable component of her superannuation benefit is $150,000 and the tax-free component is $30,000 representing a total of $180,000 as a starting pension balance. What is the minimum percentage she must withdraw each year initially? Select one: I\"? a. $6,000 r) b. $7,500 if\" c. $9,000 I\") d. $7,200 K'- e. None of the answer is correct The transfer balance cap of $1 .6 million restricts: Select one: /_'\\ I I I I ' a. The level of non-concessmnal contributions to superannuation f\". b. The value of pensions that can be retained in superannuation /-'\\ ' c. None of the values. CI d. The value of pensions that can be transferred to superannuation IA I e. The level of concessional contributions to superannuation Which of the following statements regarding tax avoidance, tax evasion, and tax planning is correct? Select one: A a. All of the statements are correct ("W b. Failing to declare income is tax avoidance and is legal A 0. Setting up a complex web of companies and trusts with the sole intent to minimise taxation is tax planning and is legal A; d. The selection of tax-efficient investment vehicles would be an example of tax evasion and is illegal A e. Paying a family member a salary from a business even though that member is not contributing to it is tax evasion and is illegal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jeff Madura

7th Edition

0134989961, 978-0134989969

More Books

Students also viewed these Finance questions

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago