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Question 1 of 10
1. Question
If premium medicare is paid with non-reimbursed medical expenses exceeds 7.5%, what will happen?
Correct
Reimbursed medical expenses are considered benefits thus, making it tax-free.
Incorrect
Reimbursed medical expenses are considered benefits thus, making it tax-free.
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Question 2 of 10
2. Question
In LTC there is a tax that is deductible base on the age of the insured. What will be the expected tax per year of someone who is at least 71 years?
Correct
The benefits are not totally 100% fee, it still depends on the specified limit of the insured.
Incorrect
The benefits are not totally 100% fee, it still depends on the specified limit of the insured.
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Question 3 of 10
3. Question
If TEFRA has been provoked, what event happened in the insurance plan?
Correct
TEFRA also Amends Age Discrimination in Employment Act (ADEA)
Incorrect
TEFRA also Amends Age Discrimination in Employment Act (ADEA)
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Question 4 of 10
4. Question
If an insured person was totally disabled during the termination of insurance, what will be granted to that insured person?
Correct
An insured person is guaranteed an extension if they have an acceptable reason on why they failed to renew the plan.
Incorrect
An insured person is guaranteed an extension if they have an acceptable reason on why they failed to renew the plan.
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Question 5 of 10
5. Question
After 3 years, the initial investment of $55,000 has increased to $200,000. What is the growth rate of the investment?
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Question 6 of 10
6. Question
After 5 years, the initial investment of $40,000 has increased to $300,000. What is the growth rate of the investment?
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Question 7 of 10
7. Question
Which of the following best describes a discount factor?
Correct
The discount factor is also referred to as d(t) which means that it is an exchange rate of the dollar with respect to time.
Incorrect
The discount factor is also referred to as d(t) which means that it is an exchange rate of the dollar with respect to time.
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Question 8 of 10
8. Question
Which of the following is a “non-cash” reason for an IPO?
Correct
Acquisition currency notes that a company can buy another company with cash or stocks
Incorrect
Acquisition currency notes that a company can buy another company with cash or stocks
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Question 9 of 10
9. Question
How do European issuers tap US investors?
Correct
The sponsored ADR of the issuing company absorbs the cost of securities, whilst the unsponsored ADR issuing company is not involved in the issue or maybe against it.
Incorrect
The sponsored ADR of the issuing company absorbs the cost of securities, whilst the unsponsored ADR issuing company is not involved in the issue or maybe against it.
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Question 10 of 10
10. Question
Calculate the discount factor if r= 0.04 and time= 2 years.