403b plan - Study guides, Class notes & Summaries

Certified Payroll Professional Exam (CPP) Part 1|40 Questions with Verified Answers Payroll Concept Workers Status - CORRECT ANSWER Form SS8 is the IRS determination of EE or IC status. Reasonal Basis Test aka Safe Harbor Rules Sec 530-Alls ee to be treated like a IC for specific reasons such as a court order, IRS audit results, Attorney or CPA advisement, or long standing industry standard for that job role. Common Law Test- see chart for example EE is required to comply with ER instructions...

California Insurance Exam 516 Questions with Answers Latest 2023 Two methods of determining insurance need:CORRECT ANSWER - Human Life Approach - Needs Approach Human Life Value Approach~CORRECT ANSWER - One of two ways of calculating insurance need. - By discounting estimated future income - Calculating the amount of life insurance a family will need based on the financial loss that they will suffer if the insured person were to pass away today - 10X salary - Based on age, gender, p...

HRCI: SPHR/PHR Exam 120 Questions with Verified Answers Davis-Bacon Act - CORRECT ANSWER Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - CORRECT ANSWER Applies if receiving federal funds for work or projects Walsh-Healey Act - CORRECT ANSWER Establishes the time-and-a-half overtime rule for hours in excess of 40 in a week for nonexempt employees What is the HR Signifi...

FPC Certification Exam 62 Questions with Verified Answers FLSA - CORRECT ANSWER Fair Labor Standards Act Journal - CORRECT ANSWER Debits and credits to a specific ledger accout Is batch processing interactive? - CORRECT ANSWER No By when must employers inform employees to submit a new W-4 if marital status or # of allowances have changed? - CORRECT ANSWER December 1st Are non qualified deferred compensations plans subject to contribution limits? - CORRECT ANSWER No What plans a...

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update Email me if you need answers LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50...

Life Insurance Final Exam Questions and Answers Passed with 100% A person who is in good health and does not drink nor smoke is considered a preferred risk Upon death of an annuitant during the accumulation period of a deferred annuity, the proceeds: Are taxable to the beneficiary above the annuitants cost basis Life insurance sold to fund a small partnership buy/sell agreement is also called Cross purchase plan Although excluded in the contract, a court may direct the insurer to pay a claim ...

Which of the following determines the cash value of a variable life policy? Correct Answer: The performance of the policy portfolio What type of insurance would be used for a return of premium rider? Correct Answer: Increasing term All insurers doing business in California must maintain a department to investigate possible: Correct Answer: Fraudulent claims by insureds In the executive bonus plan who is the owner of the policy and who pays the premium? Correct Answer: Executive is t...

CRPC TEST EXAM QUESTIONS AND ANSWERS WITH 100% COMPLETE SOLUTIONS

Life, accident and health insurance Texas General Lines - EXAM 2024 update Life, accident and health insurance Texas General Lines - EXAM 2024 update Email me if you need answers LIFE SECTION 1 - LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20- year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? - A- $50,000 Whole Life policy B- $50...

AAMS Module 6 Practice Questions and Answers (100% Pass) How are preretirement income replacement percentages used to assess a client's retirement needs - Answer️️ -Typically households at most income levels need 70% to 80% (although some advisers are currently recommending up to 100% but generally it is about 85%) of preretirement income to maintain their standard of living during retirement. Studies conducted during the last decade indicate that at higher income levels, replacemen...