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BUSI 352 Exam 2 Questions And Answers 100% Correct Verified.
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  • BUSI 352

The American Opportunity Credit is characterized by all of the following EXCEPT: - correct answer b. there is no requirement that the student pursue a degree The following features of an UTMA account set up in a child's name by a parent to pay for the child's...

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  • November 4, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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BUSI 352 Exam 2

The American Opportunity Credit is characterized by all of the following EXCEPT: - correct answer
b. there is no requirement that the student pursue a degree



The following features of an UTMA account set up in a child's name by a parent to pay for the child's
college education are true EXCEPT - correct answer If the child chooses not to go to
college the parent can revoke the account



Bobby Ayala's sons are attending the local 4-year college. James is a senior, and Todd is a freshman.
Bobby paid $8,000 each for their tuition this year. His AGI for 2015 is $80,000 and he is in the 25% tax
bracket. Which of the following options provides MAX tax benefits for the educational expenses paid by
Bobby? - correct answer claim an American Opportunity credit for both students



All of the following factors need to be considered in assessing the adequacy of funds needed to fund a
client's income needs during retirement EXCEPT - correct answer living trust funds



WHich of the following is true about ret planning - correct answer ret planning is
really about cash flow planning



which is true regarding inflation - correct answer inflation impacts retirees
differently from those who are working



Which is true regarding investing for retirement - correct answer municipal bonds
are considered fixed investments



which is true about the ret planning process - correct answer information on assets
and liabilities is needed during this process



The most important documents that a terminally ill person should have are the following except -
correct answer charitable remainder trust

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