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CTFA: Certified Trust and Financial Advisor

Certified Trust and Financial Advisor
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Certified Trust and Financial Advisor Exam Questions: 895
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This study guide should help you understand what to expect on the exam and includes a summary of the topics the exam might cover and links to additional resources. The information and materials in this document should help you focus your studies as you prepare for the exam.

Related questions

A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:

A.
Marginal tax rate
A.
Marginal tax rate
Answers
B.
Progressive tax structure
B.
Progressive tax structure
Answers
C.
Tax bracket
C.
Tax bracket
Answers
D.
Immovable tax structure
D.
Immovable tax structure
Answers
Suggested answer: B
asked 16/09/2024
vladimir nezgoda
34 questions

Gross income essentially includes any and all income subject to federal taxes. Here are some common forms of gross income Except:

A.
Wages and salaries
A.
Wages and salaries
Answers
B.
Bonuses, commissions, and tips
B.
Bonuses, commissions, and tips
Answers
C.
Interest and dividends received
C.
Interest and dividends received
Answers
D.
Alimony paid
D.
Alimony paid
Answers
Suggested answer: D
asked 16/09/2024
Umaish Nair
35 questions

___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.

A.
Deposit Insurance
A.
Deposit Insurance
Answers
B.
Demand deposit
B.
Demand deposit
Answers
C.
Time deposit
C.
Time deposit
Answers
D.
Money market mutual fund
D.
Money market mutual fund
Answers
Suggested answer: A
asked 16/09/2024
Shivanth Jha
34 questions

The difference between the purchase price and the repurchase price, or sale price, plus accrued interest on the security represents:

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Taxable income is:

A.
The amount of income subject to taxes; it is calculated by subtracting expenses, the larger of itemized or standard deductions, and exemptions from gross income
A.
The amount of income subject to taxes; it is calculated by subtracting expenses, the larger of itemized or standard deductions, and exemptions from gross income
Answers
B.
The amount of income subject to taxes; it is calculated by subtracting adjustments, the larger of itemized or standard depreciations, and exemptions from gross income
B.
The amount of income subject to taxes; it is calculated by subtracting adjustments, the larger of itemized or standard depreciations, and exemptions from gross income
Answers
C.
The amount of income subject to taxes; it is calculated by subtracting adjustments, the larger of itemized or standard deductions, and exemptions from gross income
C.
The amount of income subject to taxes; it is calculated by subtracting adjustments, the larger of itemized or standard deductions, and exemptions from gross income
Answers
D.
The amount of income subject to taxes; it is calculated by subtracting adjustments, the larger of itemized or standard deductions, and exemptions from earned income
D.
The amount of income subject to taxes; it is calculated by subtracting adjustments, the larger of itemized or standard deductions, and exemptions from earned income
Answers
Suggested answer: C
asked 16/09/2024
Syed Azar
38 questions

Average severities projection method uses various claim count and average cost per claim date on either a paid or insured basis.

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All of the following are investment alternatives, Except:

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In negotiating car prices, choosing among various makes, models, and options can make comparison difficult. You can check one of the popular price guides to research used car prices. What is that guide?

A.
National Automobile Dealers Association
A.
National Automobile Dealers Association
Answers
B.
National Automobile manufacturer Association
B.
National Automobile manufacturer Association
Answers
C.
National Automobile vendor Association
C.
National Automobile vendor Association
Answers
D.
None of these
D.
None of these
Answers
Suggested answer: A
asked 16/09/2024
Christophe Troessaert
37 questions

The __________ decision involves determining the appropriate make-up of the righthand side of the balance sheet.

A.
asset management
A.
asset management
Answers
B.
Financing
B.
Financing
Answers
C.
Investment Capital budgeting
C.
Investment Capital budgeting
Answers
Suggested answer: B
asked 16/09/2024
Matthew Cole
36 questions

Which of the following tests is used to test the weak form of market efficiency?

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