Primerica SIE Exam Questions and Answers Graded A+
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Module
Primerica SIE
Institution
Primerica SIE
Primerica SIE Exam Questions and
Answers Graded A+
What regulatory body is chiefly responsible for overseeing securities markets, including
monitoring reporting companies, self-regulatory organizations, and broker-dealers?
Securities & Exchange Commission (S.E.C.)
In investment terminolo...
1 Primerica SIE Exam Questions and Answers Graded A+ What regulatory body is chiefly responsible for overseeing securities markets, including monitoring reporting companies, self -regulatory organizations, and broker -dealers? ✔✔Securities & Exchange Commis sion (S.E.C.) In investment terminology, what does NAV stand for? ✔✔Net Asset Value What term describes the price at which shares of a mutual fund are offered to the public? ✔✔Public Offering Price (P.O.P.) Which document provides detailed, supplementary information about a mutual fund that goes beyond what is included in the prospectus? ✔✔Statement of Additional Information (S.A.I.) What information is typically included in a Balance Sheet? ✔✔It pro vides a detailed view for investors, including a list of investments, an income statement, details about compensation, and a record of all securities traded, updated semiannually. 2 How is ordinary income defined and what tax rate applies to it? ✔✔Ordin ary income, such as salaries or bonuses, is taxed according to the individual’s marginal tax bracket. What is the difference between long -term and short -term capital gains? ✔✔Long -term capital gains come from assets held for over a year, while short -term gains are from assets held for less than a year and are typically distributed with income. Unrealized gains are not subject to taxation. How are dividends from bonds classified and taxed? ✔✔Bond dividends may be qualified, which are taxed at a hig her rate, or non -qualified, which are taxed at the ordinary income rate. What is the tax treatment of cash dividends from bonds? ✔✔Cash dividends are received directly by the bondholder and taxed in the year they are received. How are stock dividen ds on bonds taxed? ✔✔Stock dividends, which add additional shares to the bondholder ’s holdings, are taxed at the time they are issued. What is the tax treatment for interest earned from bonds? ✔✔Interest from bonds is taxed as ordinary income.
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