While meeting with your new client about his retirement needs you have made several assumptions regarding income

growth, savings rate, inflation rates, and investment returns. You engage in the process of changing some of the key

assumptions to determine the overall impact of those changes on the financial plan. What is this process called?

Sensitivity Analysis.

Objectivity Analysis.

Monte Carlo Analysis.

Las Vegas An$.$

To qualify for the annual gift tax exclusion, a gift can be of a present or future interest.

True

False

The IRS has three years from the date of the gift, regardless of whether a gift tax return has been filed, to assess

additional gift tax.

True

False