Question: Brightspace Final Exam - Requires Respondus LockDown Browser + Webcam Question 17 (1 point) ~ Saved Listen 7 8 Old age security (OAS): is a

Brightspace Final Exam - Requires RespondusBrightspace Final Exam - Requires RespondusBrightspace Final Exam - Requires RespondusBrightspace Final Exam - Requires RespondusBrightspace Final Exam - Requires Respondus
Brightspace Final Exam - Requires Respondus LockDown Browser + Webcam Question 17 (1 point) ~ Saved Listen 7 8 Old age security (OAS): is a private pension plan 10 11 12 O works similar to the CPP Is a private pension plan that has a clawback should the retiree have too high an 13 14 15 income threshold in retirement payments have residency requirements that will determine the retirees benefit amount 16 17 18 Question 18 (1 point) 19 20 21 ) Listen Which of the following statements is not true? 22 23 24 Risk on a DB plan resides with the employer while risk on DC plan resides with the employee 25 26 27 DB plans are more predictable when planning for ones retirement income in comparison to DC plans All DB plans are contributory while all DC plans are non contributory DB plans are becoming less common in the private sector while DC plans are becoming more common in the private sector ASUS Vivobook DE F7 2 F9 in 12 F2 F3 $ % & 3 4 5 6 O W E R T D F K S X C B N M Alr CBrightspace X C O B Q Final Exam - Requires Respondus LockDown Browser + Webcam Question 19 (1 point) 4) Listen 7 8 V 9 Yolanda inherits $220,000 from her deceased's father estate. She has three siblings who each have two kids of their own. Yolanda is married to Denzel and they have 7 biological children and one adopted child. Tragically, today Yolanda dies in a car 10 11 12 accident. Calculate the per capita distribution amounts that will be paid to the survivors in this scenario: 13 14 15 $10,000 -- -- $12,941 16 17 18 $14,666 $73,333 19 20 21 -- Question 20 (1 point) Listen 22 23 24 Jenna would like to purchase her first home and use funds from her RSP to help assist with the downpayment. Which of the following statements are correct: 25 26 27 Jenna can access her HBP in her RSP without an inclusion into her income. Jenna can access her LLP in her RSP with an inclusion into her income. Jenna will be taxed on any premature withdrawals from her RSP ASUS Vivobook F7 0 FB F9 Jill F4 5 W E R S F X C B N MBrightspace X CO B Q Final Exam - Requires Respondus LockDown Browser + Webcam 5 Question 20 (1 point) a Listen Jenna would like to purchase her first home and use funds from her RSP to help 8 9 assist with the downpayment. Which of the following statements are correct: Jenna can access her HBP in her RSP without an inclusion into her income. 11 12 Jenna can access her LLP in her RSP with an inclusion into her income. Jenna will be taxed on any premature withdrawals from her RSP 13 14 15 -- -- Jenna can withdraw up to a maximum of $30,000 under the HBP 16 17 18 Question 21 (1 point) V -- ) Listen 19 20 21 Which of the following are characteristics of a RIF? ORIF's have minimum amounts that required to be withdrawn each year 22 23 24 -- RIF's help one save for retirement RIF's are tied directly to defined contribution plans 25 26 27 ORIF's are a form of a public pension plan Question 22 (1 point) Listen ASUS Vivobook F4 FZ FB 5 W E R S F B N M Al CarX LOB Q Final Exam . Requires Respondes LockkDove Browser : Webcam Question 22 0 polite) 15 2021, 2022 and 2028 ly bad itemes OF 89 81020) 893200 and 892 260 respectively. Site alto this ISPearyonward or $161810 Calculate Il'S REP 30 92 $17.675 $34,796 Question 23 (1 point) 20 21 kisses Mutual Fund X has a current market value of $835 million and liabilities of $71 million. If this mutual fund has 5 million shares outstanding, what is it's net asset 23 24 value? 160.12 27 162.BO 188,65 189.21 ASUS Vivobook 3 5 W E R S D F K Z X C B N Alt Car AltBrightspace X C O | B Q Final Exam - Requires Respondus LockDown Browser + Webcam 5 Question 24 (1 point) 4) Listen 7 Which of the following is a common misconception about the area of Estate Planning? 10 11 12 It is only for the high net worth -- It deals with child custody issues 13 14 15 It does not apply to retirees -- -- It deals with bull and bear markets 16 17 18 Question 25 (1 point) Listen 19 20 21 High yield (junk) bond funds focus on risky bonds issued by firms. These funds are most susceptible to what kind of risk? 23 24 -- Management risk Exchange rate risk 26 27 Default risk Market fluctuation risk Question 26 (1 point) ASUS Vivobook Jill FOR F4 F5 6 24 7 ? 8 1 $ 3 5 6 Y Q W E R T A S F H B N Z X C M All Cor

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