Awma - Study guides, Class notes & Summaries

AWMA Practice Exam Questions with All Correct Answers (Already Graded A+) Which of these choices is NOT a fiduciary duty explicitly required under the CFP Board Practice Standards? A) Duty to delegate B) Duty to follow client instructions C) Duty of loyalty D) Duty of care - Answer A) Duty to delegate The three fiduciary duties explicitly stated in the CFP Board Practice Standards are the duty of loyalty, duty of care, and duty to follow client instructions. There is a fiduciary duty ...

AWMA Exam 1 UPDATED ACTUAL Questions and CORRECT Answers 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...

AWMA EXAM 2 QUESTIONS WITH CORRECT ANSWERS ...

AWMA EXAM QUESTIONS AND 100% VERIFIED ANSWERS...

AWMA PRACTICE EXAM II LATEST UPDATED...

AWMA Practice Exam with complete solutions

AWMA Test Review 1 Questions and Answers All Correct The four basic types of grantor Retained trusts: - Answer 1. Grantor retained annuity trust (GRATs), 2. Grantor retained unitrusts (GRUTs) 3. Grantor retained interest trusts (GRITS) 4. Qualified personal residence trusts (QPRTs) Grantor Retained Annuity Trust (GRAT) - Answer the grantor retains the right to receive an annuity amount from the trust at least annually. This annuity amount is usually expressed as either a fixed dollar a...

AWMA MODULE 8 QUIZ...

AWMA Practice Exam 1with 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 - 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 distributes $50,000 as dividends, its taxable income is still $100,000. Distribution ...