FPQP - Study guides, Class notes & Summaries

FPQP - MODULE 1 EXAM QUESTIONS WITH 100% CORRECT ANSWERS LATEST VERSION 2025/2026.

FPQP MODULE 7 EXAM QUESTIONS WITH 100% CORRECT ANSWERS LATEST VERSION 2025/2026.

FPQP Module 7 Exam Questions with Correct Answers Latest Defined benefit plans Cash balance plans Profit sharing plans 401(k) plans - Answers Types of qualified plans (4) Traditional IRA Roth IRA 403(b) SIMPLE IRA SEP IRA - Answers Other tax-advantaged plans (5) 457 plans - Answers Non qualified plans Pretax contributions Tax-deferred growth Vesting - Answers Common features of qualified plans defined benefit pension plan - Answers A type of pension plan that provides a fixed...

FPQP - Module 1 Exam Questions with Correct Answers Graded A+ A - Answers Personal Financial Planning a. is a collaborative process b. is primarily needed by wealthy individuals c. does not need monitoring if done correctly d. involves only insurance, investment, and retirement planning C - Answers Which one of the following is a correctly written financial goal? a. to set aside 10% of income for the purpose of replacing the automobile currently owned b. to accumulate funds within th...

FPQP Module 5 Exam Questions and Answers Latest Update single contract that covers a group of people, usually used by employers to cover employees - Answers Group Life Insurance 1. term life insurance 2. whole life insurance 3. universal life insurance 4. variable life insurance 5. variable universal life insurance - Answers Types of Life insurance covers someone for a period of time - Answers Term Life insurance covers for one year, premium goes up every year - Answers Annually Renewab...

FPQP Exam - Cash Management and the Use of Debt Questions and Answers Latest Update True or false: The type of statements used and the format of these statements may vary from practitioner to practitioner - Answers True What statements are suppose to accomplish - Answers To show an individuals net worth and whether during a period they have a positive or negative cash flow Statement of financial position - Answers Balance sheet What the purpose of a balance sheet is - Answers static snapsho...

FPQP Model * Tax Implication Exam Questions Well Answered Latest Update Which of the following taxes is NOT allowed as an itemized deduction? A) Property taxes B) State income taxes C) FICA taxes D) Local income taxes - Answers C; fica Taxes FICA (Social Security) taxes are not allowed as an itemized deduction. The maximum deduction for all state and local taxes, including property taxes, is $10,000 per year. Which of the following circumstances would require most taxpayers to file...

FPQP Module 6 Exam Questions with Correct Answers Latest Update •money market •money market mutual funds •CDs •U.S. treasury bills - Answers Cash equivalents include: Money Market Deposit Account (MMDA) - Answers Bank obligations & federally insured to $250K Treasury Bills (T-Bills) - Answers government bonds issued with terms of four, 13, 26 or 52 weeks Doesn't require fixed payments to investors - Answers Equity has one major corporate advantage over debt- Dividends are n...

FPQP Estate Planning - Module 9 Exam Questions and Answers Already Passed Which of the following terms is NOT properly associated with structuring a will? A) Bequest B) Codicil C) Personal representative D) Intestate - Answers D) Intestate Intestate describes the condition of a person who dies without a will. The purpose of a codicil is to A) allow jointly held property to pass to surviving joint tenants. B) enable beneficiaries to contest a will. C) revise a deed of title fo...