What the capital depletion approach assumes the retirement

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Reference no: EM132928913

Problem 1: Add backs include adjusted taxable gifts made after:

a. 1990

b. 1976

c. 1952

d. 2006

Problem 2: An estate tax exclusion:

a. Allows the unused portion of a spouse's exclusion to be transferred to the surviving spouse.

b. Excludes certain real property from the estate

c. Excludes certain collectables from the estate

d. None of the above

Problem 3: The capital depletion approach assumes the retirement account value will:

a. Be the same the first day of retirement and the last day of retirement

b. Grow, due to compounding, over the retirement period such that the real value of the retirement assets is equal to the nominal value at retirement.

c. Lose value over the retirement period

d. Be depleted by the time of the client's death

Reference no: EM132928913

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