Exam (elaborations)
WMCP QUESTIONS WITH COMPLETE ANSWERS GRADED A+
- Course
- Institution
WMCP QUESTIONS WITH COMPLETE ANSWERS GRADED A+
[Show more]
Seller
Follow
Content preview
WMCP QUESTIONS WITH COMPLETEANSWERS GRADED
marginal nggutility ngg- nggAnswerThe nggamount nggof nggadditional nggsatisfaction nggthat
nggis nggreceived nggby nggan nggincrease nggin nggconsumption. nggSatisfaction nggderived
nggfrom nggCONSUMING ngggoods nggor nggservices
Life ngginsurance ngg- nggAnswerprovides ngga nggpayout nggthat nggmeets nggthe
nggbequest/legacy ngggoal nggeven nggif nggthe nggindividual nggdies nggbefore ngghe nggor
nggshe nggsaves nggenough nggto nggfund ngga nggbequest/legacy
unexpected ngginheritance ngg- nggAnswerlike nggpension nggincome, nggthis nggincrease
nggpermanent nggincome nggand nggreduce nggthe nggsavings nggneeded nggbefore
nggretirement
market nggrisk nggto nggthe nggvalue nggof ngghuman nggcapital ngg- nggAnswerworking nggin
nggan nggoccupation nggwhose nggprofits nggare nggclosely nggtied nggto ngginterest nggrates
Coverdell nggEducation nggSavings nggAccount ngg- nggAnsweran nggeducation nggsavings
nggfun nggthat nggis nggsubject nggto nggadjusted ngggross nggincome ngg(AGI)
529 nggCollege nggSavings nggPlan ngg- nggAnswerNo nggAGI nggrestrictions nggso nggutilized
nggby ngghigh nggincome nggindividuals nggfor nggcollege nggsavings
Traditional nggIRA ngg- nggAnswerAn nggIRA nggfor nggwhich nggyou nggcan nggdeduct nggyour
nggcontribution nggeach nggyear nggfrom nggyour nggtaxable nggincome
Average nggrate nggof nggtaxation ngg- nggAnswerthe nggpercentage nggof nggfederal nggincome
nggtaxes nggowed nggdivided nggby nggtaxable nggincome
appreciated nggproperty ngg- nggAnswershould nggbe nggdistributed nggthrough nggan nggestate
nggrather nggthan ngggifted
Step-up nggbasis nggat nggdeath ngg- nggAnswerassets nggtransferred nggat nggdeath nggget ngga
nggnew nggbasis, nggtax nggfree
Federal nggGift nggTax ngg- nggAnswerFederal nggtax nggimposed nggon nggthe nggtransfer nggof
nggsecurities, nggproperty nggor nggother nggassets. nggThe nggDONOR nggmust nggpay nggthe
nggtax nggbased nggon nggthe nggfair nggmarket nggvalue nggof nggthe nggtransferred nggassets.
nggHowever, nggfederal ngglaw nggallows nggdonors nggto ngggive nggup nggto ngg$12,000 nggper
, nggyear nggto nggany nggindividual nggwithout nggincurring ngggift nggtax nggliability. nggSo, ngga
ngghusband nggand nggwife nggmay ngggive ngg$24,000 nggto nggtheir nggchild nggin nggone
nggyear nggwithout nggtax nggif nggeach nggparent ngggives ngg$12,000.
Federal nggEstate nggTax ngg- nggAnswerA nggtax nggimposed nggon nggthe nggtransfer nggof
nggproperty nggat nggdeath. nggAssessed nggon nggthe nggFMV nggof nggthe nggproperty nggat
nggthe nggdate nggof nggdeath nggaka nggalternate nggvaluation nggdate
Charitable ngggifts ngg- nggAnswerGifts nggto nggqualified nggorganizations
Cash nggor nggproperty
Allows nggdonor nggto nggtake nggan nggincome nggtax nggdeduction
Shadow nggAccount ngg- nggAnsweruniversal ngglife nggpolicy nggwith ngga nggsecondary
nggguarantee nggwill nggremain nggin nggforce nggeven nggif nggthe nggaccount nggvalue nggis
nggless nggthan nggzero
permanent ngglife ngginsurance ngg- nggAnswerinsurance nggthat ngggives ngga nggperson
nggprotection nggfor ngghis nggor nggher nggentire ngglifetime nggand nggtax nggbenefits
Term nggInsurance ngg- nggAnswerlife ngginsurance nggprotection nggfor ngga nggspecified
nggperiod nggof nggtime; nggsometimes nggcalled nggtemporary ngglife ngginsurance
Term ngginsurance nggis nggappropriate nggwhen: ngg- nggAnswer1. nggThe nggamount nggof
nggincome nggthat nggcan nggbe nggspent nggon ngglife ngginsurance nggis ngglimited
2. nggThe nggneed nggfor nggprotection nggis nggtemporary
3. nggThe ngginsured nggwants nggto nggguarantee nggfuture ngginsurability
lifetime nggincome nggannuity ngg- nggAnswercan nggbe nggviewed nggas ngga nggtype nggof
nggcoupon nggbond nggwhich nggprovides nggpayments nggfor nggan ngguncertain ngglength nggof
nggtime, nggand nggwhich nggdoes nggnot nggrepay nggthe nggprincipal nggvalue nggupon
nggdeath. nggMuch ngglike ngga nggdefined-benefit nggpension nggplan, nggincome nggannuities
nggprovide nggvalue nggto nggtheir nggowners nggby nggpooling nggrisks nggacross ngga ngglarge
nggbase nggof nggparticipants.
annual nggpoint-to-point nggmethod nggcredited ngginterest nggrate ngg- nggAnswerthe
nggending nggindex nggdivided nggby nggthe nggindex nggvalue nggat nggthe nggbeginning nggof
nggthe nggyear nggminus nggone
umbrella nggpolicy ngg- nggAnswerInsurance nggthat nggprovides nggadditional nggliability
nggprotection nggbeyond nggthat nggin nggan nggautomobile nggor ngghomeowner's nggpolicy.
UIT ngg- nggAnswerhas ngga nggtermination nggdate
Tobin's nggQ nggratio ngg- nggAnswermeasures nggvaluation nggas ngga nggratio nggof nggmarket
nggcapitalization nggto nggbalance nggsheet
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller bonie314. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now