Free CTFA Exam Braindumps (page: 16)

Page 16 of 113

It is a technique used to reduce taxes in which a taxpayer shifts a portion of income to relatives in lower tax brackets. What is it?

  1. Income shifting
  2. Deductions maximization
  3. Tax deference
  4. Tax evasion

Answer(s): A



A good way to keep your spending in line is to make all household transactions (even fun money or weekly cash allowances) using a tightly controlled:

  1. Checking account
  2. Balance sheet
  3. Budget
  4. Savings account

Answer(s): A



An account offered by credit unions that is similar to interest paying checking accounts offered by the other financial institutions is:

  1. Deposit insurance
  2. Share draft account
  3. Internet bank
  4. Checking and saving accounts

Answer(s): B



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

  1. Deposit insurance
  2. Share draft account
  3. Internet bank
  4. Checking and saving accounts

Answer(s): A



Page 16 of 113



Post your Comments and Discuss ABA CTFA exam with other Community members:

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

JUAN commented on June 28, 2023
aba questions to practice
UNITED STATES
upvote

Alo commented on November 12, 2018
we shall see, just downloaded. Will report back
Anonymous
upvote