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CDFA EXAM LATEST ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ ____________ is no longer a consideration for alimony. - ANSW..Faul$17.99
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CDFA EXAM LATEST ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ ____________ is no longer a consideration for alimony. - ANSW..Faul
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Course
CDFA
Institution
CDFA
CDFA EXAM LATEST ACTUAL EXAM/COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
____________ is no longer a consideration for alimony. -
ANSW..Faul
CDFA EXAM LATEST ACTUAL EXAM/COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
____________ is no longer a consideration for alimony. -
✔✔ANSW✔✔..Fault
_____________________ are the first place to look to
discover hidden assets. It is a good idea to review all tax
returns for the past five years. - ✔✔ANSW✔✔..Tax
returns
______________________ are the testimony of a witness
taken out of court under oath and reduced to writing after
discovery and prior to trial. The
____________________________ may be used to
discredit a witness if he changes his testimony during
trial. - ✔✔ANSW✔✔..depositions, deposition
3- to 7-year vesting (7-year graded vesting) -
✔✔ANSW✔✔..An employee who has completed at least
three years of service must have a non-forfeitable right to
at least the following percentages of his or her accrued
,benefit: 20% after three years of service, 40% after four
years of service, 60% after five years of service, 80%
after six years of service, and 100% after seven years of
service [IRC §411(a)(2)(B)].
5-year cliff vesting - ✔✔ANSW✔✔..An employee who
has at least five years of service must have a non-
forfeitable right to 100% of the employee's accrued
benefit [IRC §411(a)(2)(A)].
A _______________________ tax carryforwards affects
the basis of an asset upon transfer in a divorce. -
✔✔ANSW✔✔..passive activity loss
A CDFA professional's work product is never protected
by attorney-client privilege when working in a
__________________________. - ✔✔ANSW✔✔..pro se
divorce
A loss on the sale of a primary residence or personal
vacation property _____________________ deductible. If
the vacation property is a rental instead of for personal
use, then the loss __________________________. -
✔✔ANSW✔✔..would not be, would be deductible
A net operating loss _________________ affect the basis
of the business. - ✔✔ANSW✔✔..does not
,A taxpayer filing as Married Filing Separately does not
qualify for the __________________ credit. -
✔✔ANSW✔✔..childcare
A valid prenuptial agreement __________________
waive either party's right to apply for and receive Social
Security benefits. - ✔✔ANSW✔✔..cannot
According to statistics, approximately how many divorce
cases use the "pro se" approach to settlement? -
✔✔ANSW✔✔..50%
Accountant - ✔✔ANSW✔✔..An __________________
is a person who is qualified to keep, audit, and inspect the
financial records of individuals or business concerns and
prepares financial and tax reports.
Acting as an __________________________ provides a
measure of privilege. - ✔✔ANSW✔✔..attorney's
consultant
Actuary - ✔✔ANSW✔✔..An ___________ is a person
whose work is to calculate statistically risks, premiums,
and life expectancies for insurance and pension plans.
, Additionally - ✔✔ANSW✔✔..Section 71 requires that if
the payor of alimony wants to deduct alimony payments
over $15,000 per year, payments must last for at least
three years. If this requirement is not met, payments are
subject to recapture rules.
An _________________________ is not an advocate.
________________________ is the advocate. -
✔✔ANSW✔✔..expert witness, your client's attorney
An immediate distribution may or may not be referenced
in the QDRO but it is ___________________________. -
✔✔ANSW✔✔..not a requirement
Appraisal - ✔✔ANSW✔✔..______________________ is
the procedure for determining the fair market value of an
asset when it is to be sold or divided as part of the divorce
process.
Arbitration - ✔✔ANSW✔✔.._________________ is
submitting a disputed matter for decision to a person who
is not a judge. The decision of an arbitrator is usually
binding and final. Arbitration varies greatly from
mediation.
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