Crpc Practice Exam 1 Supplemental Q's

Front 1

Qual retirment plan dists are taxed as?

Back 1

Ord income

Front 2

Which type of plan is required to offers survivor annuity benefits? one example

Back 2

Qualified pension plans (such as target ben)

Front 3

Investment aernigns allocated in profit sharing 401k in poroprtion to?

Back 3

relative acct balances

Front 4

er contribs to a profit sharing/ 401k plan allocated in proprotion to?

Back 4

relative compensation

Front 5

Er contrib toa profit sharing plan is limited to?

Back 5

25% of covered payroll

Front 6

Annual addtns are aggregated and limited to what for dc plans?

Back 6

lesser of 100% comp or 52k

Front 7

Pension plan v. profit sharing plan; who's required to pay regardless?

Back 7

profit sharing plan

Front 8

Name two ytpes of pension plans?

Back 8

cash balance and target paln

Front 9

Why would a small busines sowner want a target ben plan?

Back 9

larger ben for older EEs, EEs bear inv risk

Front 10

Money purhcase plan is what kind of plan?

Back 10

pension plan

Front 11

Most DC plans favor younger/older paticipants?

Back 11

Younger

Front 12

SEP negative to ER?

Back 12

Money is 100% vested

Front 13

457 v. 403b, major difference and salary deferral limit?

Back 13

both availibel to ee of state and local govs, 457s not ees of public schools. 17.5

Front 14

one active, couple combined AGI phasouet?

Back 14

181-191

Front 15

In order to be aligible for forward avg treamtent must be 50 when?

Back 15

1/1/86

Front 16

Unfunded SERPs are sbjt to what eRISA requreimtns?

Back 16

Reporting and disclosure

Front 17

Medicare part B cover physician services or inpatient services

Back 17

Physisain. A covers inpantien hospital care

Front 18

Medicare LTC covers?

Back 18

20 days skill at ful then 80 dyas w/ copay

Front 19

SS first tier earnigns limit?

Back 19

15,480

Front 20

Buy-sell, trust or no?

Back 20

no

Front 21

QDRO means?

Back 21

qualified domestic relations order

Front 22

Gross estate defenided as?

Back 22

all property that is sbj to fed estate tax

Front 23

SEP-IRA using tax _______ ?

Back 23

reduction

Front 24

IRA may be roled into what (5)

Back 24

another IRA, TSA, SEP, qual plan, or 457 that accts for such rollovers seperately

Front 25

Income of a QTIP and POA trust go to?

Back 25

Grantor's spouse

Front 26

Income of a CLT goes to?

Back 26

Charity