10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…
CDFA EXAM LATEST 2024-2025 ACTUAL
EXAM/COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Practice questions for this set
Learn 2 /7 Study with Learn
a) Hearsay is admissible by an expert witness.
Give this one a try later!
Susie, age 35, gave up her career to stay home with the children for 10 years. Which
of the following questions would be inappropriate for the CDFA® professional to ask
her?
1
a) Will you return to the workforce?
b) What level of income can you expect to earn when you return to the workforce?
c) At what age would you like to retire?
d) How much spousal support do you need so that you do not have to work?
Is hearsay admissible in court?
a) Hearsay is admissible by an expert witness.
b) Hearsay is never admissible in court.
c) Hearsay is allowed if either attorney testifies.
d) Hearsay is allowed if either party testifies.
,10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…
A financial expert witness is important in a divorce case for which of the following
reasons?
a) To assist in determining and understanding of specific factual evidence
b) To protect the best interests of the children
3
c) To recommend how spousal support payments to the lower-wage-earning
spouse should
be structured
d) To make a recommendation about which spouse should keep the marital home
How many years does the innocent spouse have to apply for relief under the
innocent spouse rule?
4 a) Two years after filing the return
b) Two years after receiving the first IRS notice
c) Two years after collection activities have begun
d) Three years after filing the return
Don't know?
Terms in this set (288)
In a divorce settlement, Considering only an equal division of property
what mistake is commonly
made by financial
professionals without
proper training?
Considering the tax
consequences of the sale
of property
Considering investment
returns
Considering inflation
Considering only an equal
division of property
,10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…
Which of the following is a Failing to consider the tax consequences of an early
common mistake that withdrawal from a retirement account
divorcing couples make?
Failing to consider the tax
consequences of an early
withdrawal
from a retirement account
Dividing a joint checking
account to obtain an
equitable
distribution of assets
Using the cost basis to
determine taxes on the
sale of property
Failing to consider the
taxes due on child support
payments
From a client's perspective When considering getting a divorce
and without regard to the
cost, at which of the
following times should an
individual hire a CDFA
professional?
When considering getting
a divorce
After meeting with an
attorney
After filing a petition for
divorce
Prior to a final judgment
for divorce
, 10/2/24, 11:18 AM CDFA EXAM LATEST 2024-2025 ACTUAL EXAM/COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIF…
Which of the following is Prepare business valuations and analysis.
NOT an appropriate
service that CDFA
professionals can provide?
Determine the financial
impact of the proposed
settlement.
Provide litigation support
relating to financial issues.
Prepare a report showing
the financial impact of one
spouse
keeping the family home.
Prepare business
valuations and analysis.
Which of the following is To help them identify their financial goals, including
NOT a reason for a CDFA retirement
professional to interview objectives
clients?
To collect financial data
To develop a budget
To complete answers to
interrogatories
To help them identify their
financial goals, including
retirement
objectives
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