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Which of the following statement(s) about ESOP is/are incorrect?
Which of the following statement(s) about ESOP is/are incorrect? A . Both (i) and (ii)B . Only (i)C . Only (ii)D . Neither (i) nor (ii)View AnswerAnswer: D
_________________ can be used as an alternative to the outright gift and ___________ can be used as an alternative to a traditional short term pledge.
_________________ can be used as an alternative to the outright gift and ___________ can be used as an alternative to a traditional short term pledge.A . Virtual Endowment Model, Step-Up giftB . Virtual Endowment Model, Philanthropic Equity Builder ModelC . Virtual Endowment Model, Family FoundationD . Step-Up Gift, Family FoundationView...
Which of the following statement(s) about ‘Whole Life Insurance’ is/are correct?
Which of the following statement(s) about ‘Whole Life Insurance’ is/are correct? A . Both (i) and (ii)B . Only(i)C . Only (ii)D . Neither (i) nor (ii)View AnswerAnswer: B
A trust involves_______ parties. ___________ is the person who establishes the trust.
A trust involves_______ parties. ___________ is the person who establishes the trust.A . Two, SettlorB . Three, SettlorC . Two, ExecutorD . Three, ExecutorView AnswerAnswer: B
The goals of Estate Planning can be broadly divided into_______ categories.
The goals of Estate Planning can be broadly divided into_______ categories.A . TwoB . ThreeC . FourD . FiveView AnswerAnswer: A
There are______ key estate planning strategies to transfer wealth efficiently. In a Granted Retained Annuity Trust,annuity payments are determined in relation to IRS benchmark interest rate called ____________ rate.
There are______ key estate planning strategies to transfer wealth efficiently. In a Granted Retained Annuity Trust,annuity payments are determined in relation to IRS benchmark interest rate called ____________ rate.A . Four, Section 7520B . Six, Section 7520C . Four. Section 7620D . Six, Section 7620View AnswerAnswer: B
High Net Worth Individuals can dispose of their money in______ ways. From the standpoint of the wealth holder, __________ is the most important of all.
High Net Worth Individuals can dispose of their money in______ ways. From the standpoint of the wealth holder, __________ is the most important of all.A . Three, Personal ConsumptionB . Three, PhilanthropyC . Four, Personal ConsumptionD . Four,PhilanthropyView AnswerAnswer: A
As per the Payment of Gratuity Act, the employer shall pay the amount of gratuity within _________.
As per the Payment of Gratuity Act, the employer shall pay the amount of gratuity within _________.A . 30 daysB . 45 daysC . 180 daysD . 270 daysView AnswerAnswer: A
What is the ultimate goal of Estate Planning?
What is the ultimate goal of Estate Planning?A . To reduce estate taxes to minimumB . To fulfill the estate owner’s wishes as closely as possibleC . Increase the value of client’s assetsD . Conserve the existing assets of clientView AnswerAnswer: B
_____________ allows you to contribute cash but you will not receive tax deduction at the
_____________ allows you to contribute cash but you will not receive tax deduction at the time of contribution.A . Traditional IRAB . Roth IRAC . SEP-IRAD . Simple IRAView AnswerAnswer: B
