Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| show | The requirement to add the income from tax preference items to income above an indexed level. A method to insure that wealthy persons and corporations pay at least some tax.
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| Cost basis | show 🗑
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| show | The loss incurred when a capital asset is sold for a lower price than the purchase price.
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| show | An accounting method used to assess a company's inventory, in which it is assumed that the first goods acquired are the first to be sold. The same method is used by the IRS to determine cost basis for tax purposes.
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| show | Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses
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| show | An accounting method used to assess a company's inventory, in which it is assumed that the assumed that the last goods acquired are the first to be sold. The method used to determine cost basis for tax purposes;
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| LIFO (Last in, last out) Continued | show 🗑
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| Marginal Tax rate | show 🗑
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| Ordinary Income | show 🗑
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| Post-tax | show 🗑
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| Preferential rates | show 🗑
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| Rollover | show 🗑
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| Tax-deductible | show 🗑
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| Trustee to Trustee transfer | show 🗑
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| Unrealized Gain | show 🗑
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| Wash sales rule | show 🗑
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| Short term gains | show 🗑
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| Corporate bond taxation | show 🗑
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| show | Federally taxable as ordinary income in the year received: Exempt from state and local taxes.
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| show | Taxed as ordinary income whether reinvested or not
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| show | Taxed as ordinary income whether reinvested or not.
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| 100% distributions from a qualified plan | show 🗑
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| show | Taxed as ordinary income - cost basis returned tax-free
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| Long term capital gain | show 🗑
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| show | Taxed at a Maximum rate of 15%
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| Common stock cash dividends | show 🗑
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| Long term capital gains distributions whether reinvested or not | show 🗑
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| show | Tax-free
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| show | Tax-free
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| show | Tax-free
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| show | Tax-free
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| show | Tax-free
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| 8AM to 9PM (customer's time zone) | show 🗑
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| Daily | show 🗑
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| T+1 | show 🗑
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| show | Settlement for municipal and corporate securities
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| T+5 | show 🗑
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| 7 calendar days | show 🗑
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| within 10 days of first use | show 🗑
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| show | SEC "cooling off period" for new issues
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| Monthly | show 🗑
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| show | Minimum waiting period for candidates who fail the Series 6 for the first or second time
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| 45 days | show 🗑
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| show | Maximum time period to complete an IRA rollover
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| 61 days | show 🗑
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| show | Maximum allowable period to backdate a letter of intent
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| show | Time period an account is "frozen"
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| 120 days | show 🗑
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| 180 days | show 🗑
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| show | Minimum requirement for investment companies(ICs) to send reports to shareholders
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| show | Maximum maturity for commercial paper and banker's acceptance
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| show | Maximum maturity of a T-bill
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| show | Minimum requirement for IC reporting to SEC
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| show | Variable contract death benefit calculated on this basis
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| show | Maximum time frame to complete a letter of intent (LOI)
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| 16 months | show 🗑
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| show | Maximum time to convert a variable life policy to a whole life policy
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| 2 years | show 🗑
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| 2 years | show 🗑
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| 5 years | show 🗑
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| 10 years | show 🗑
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| 10 years | show 🗑
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| show | Maximum jail term for insider trading violation
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| show | Maximum maturity of a T-bond
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| 59.5 years | show 🗑
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| 70.5 years | show 🗑
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| .01% | show 🗑
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| show | Maximum 12b-1 fee that may be levied by a no load fund
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| show | Tax penalty on excess IRA contributions
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| 8.5% | show 🗑
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| 9% | show 🗑
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| show | Penalty for early withdrawal (under 59.5) from retirement plan
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| show | Maximum interest rate that may be used in a illustration for variable life contracts
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| show | Maximum tax rate assessed against long-term capital gains
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| 15% | show 🗑
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| show | Maximum average annual sales charge that may be levied in a spread load plan (1970) over the first 4 years
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| 20% | show 🗑
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| show | Failure to take required minimum distribution (RMD) tax penalty on traditional IRAs
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| 50% | show 🗑
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| 70% | show 🗑
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| show | Minimum percentage of the Board of Directors (BOD) that must be disinterested
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| show | Minimum distribution of net investment income fir a regulated investment company
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| 300% | show 🗑
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| 1% | show 🗑
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| show | also called American Depository Shares
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| show | also called Holding period return
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| show | also called Offer
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| Authorized stock | show 🗑
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| show | also called Back end load
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| show | also called Contingent deferred sales charge (CDSD)
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| show | also called Creditor
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| show | also called Agent
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Created by:
coderman
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