Awma - Study guides, Class notes & Summaries

AWMA MODULE 5 QUIZ INCOME TAX PLANNING FOR HIGH NET WORTH CLIENTS...

Of the following practical dimensions of emotional intelligence, which is the most complex and difficult to attain? A)Regulation of adviser and/or client emotions B)Integration of emotional intelligence into thinking C)Perception and differentiation between emotions D)Understanding and explanation of the emotions - Answer-A) Individuals who score highly on the main dimensions of EI are able to perceive and differentiate between emotions, integrate this information into thinking, accurately...

AWMA Practice Exam II Questions and Answers

AWMA Test Review 1 UPDATED ACTUAL Questions and CORRECT Answers If ABC Corporation has net profits of $100,000 and distributes $50,000 as dividends, what is its taxable income? A. $0 B. $25,000 C. $50,000 D. $100,000 - CORRECT ANSWER - The net profits of a corporation are subject to federal income taxation. This tax is levied on corporate taxable income before payment of dividends to common and preferred shareholders. Thus, if ABC Corporation has net profits of $100,000 and dis...

Which one of the following characteristics is more correct concerning younger wealthy individuals (millennials and GenXers)? A) Younger wealthy individuals are seeking more technological options in financial planning. B) Younger wealthy individuals have not experienced significant bear markets. C) Younger wealthy individuals have directly opposite financial needs as compared to baby boomers. D) Younger wealthy individuals likely want to be advised by one of their own generation. - Answer-A...

AWMA Exam 2 Questions and Answers

AWMA Exam 3 Questions and Correct Detailed Answers (Already Graded A+) Newest Version A taxpayer incurs withholding on a retirement plan distribution in September of the current year. For estimated tax purposes, the withholding is treated as A) made during the third quarter of the year. B) withheld evenly throughout the tax year. C) made evenly during the third and fourth quarters of the year. D) applied to the next tax year. - Answer B) Withholding from IRAs, qualified plans, and othe...

AWMA Exam 1 Questions and Answers

AWMA PRACTICE EXAM II QUESTIONS WITH COMPLETE SOLUTIONS!!

AWMA Module 8 Quiz UPDATED ACTUAL Questions and CORRECT Answers The provision that certain mutual fund policies cannot be changed without shareholder approval is addressed in the A) Investment Company Act of 1940. B) Securities Exchange Act of 1934. C) Investment Advisers Act of 1940. D) Securities Act of 1933. - CORRECT ANSWER - A) Investment Company Act of 1940