Choisir le Pass4Test vous permet non seulement à réussir le test American College HS330, mais encore à enjouir le service en ligne 24h et la mise à jour gratuite pendant un an. Nous allons lancer au premier temps la Q&A American College HS330 plus nouvelle. Si vous ne passez pas le test, votre argent sera tout rendu.
Certification American College HS330 est un des tests plus importants dans le système de Certification American College. Les experts de Pass4Test profitent leurs expériences et connaissances professionnelles à rechercher les guides d'étude à aider les candidats du test American College HS330 à réussir le test. Les Q&As offertes par Pass4Test vous assurent 100% à passer le test. D'ailleurs, la mise à jour pendant un an est gratuite.
Aujourd'hui, il y a pleine de professionnels IT dans cette société. Ces professionnels sont bien populaires mais ils ont à être en face d'une grande compétition. Donc beaucoup de professionnels IT se prouver par les tests de Certification très difficile à réussir. Pass4Test est voilà pour offrir un raccourci au succès de test Certification.
Code d'Examen: HS330
Nom d'Examen: American College (Fundamentals of Estate Planning test)
Questions et réponses: 400 Q&As
Choisir le Pass4Test peut vous aider à réussir 100% le test American College HS330 qui change tout le temps. Pass4Test peut vous offrir les infos plus nouvelles. Dans le site de Pass4Test le servie en ligne est disponible toute la journée. Si vous ne passerez pas le test, votre argent sera tout rendu.
Aujoud'hui, c'est une société de l'informatique. Beaucoup d'organisations peut provider l'outil de se former pour le test Certification American College HS330. Mais on doit admettre que ces site n'ont pas la capacité à offrir une bonne Q&A, elles sont généralement très vagues et sans les points. C'est loin d'attirer les attentions des candidats.
Pour réussir le test American College HS330 demande beaucoup de connaissances professionnelles IT. Il n'y a que les gens qui possèdent bien les connaissances complètes à participer le test American College HS330. Maintenant, on a les autres façons pour se former. Bien que vous n'ayez pas une connaissance complète maintenant, vous pouvez quand même réussir le test American College HS330 avec l'aide de Pass4Test. En comparaison des autres façons, cette là dépense moins de temps et de l'effort. Tous les chemins mènent à Rome.
Beaucoup de travailleurs dans l'Industrie IT peut obenir un meilleur travail et améliorer son niveau de vie à travers le Certificat American College HS330. Mais la majorité des candidats dépensent beaucoup de temps et d'argent pour préparer le test, ça ne coûte pas dans cette société que le temps est tellement précieux. Pass4Test peut vous aider à économiser le temps et l'effort pendant le cours de la préparation du test American College HS330. Choisir le produit de Pass4Test particulier pour le test Certification American College HS330 vous permet à réussir 100% le test. Votre argent sera tout rendu si malheureusement vous ne passez pas le test.
HS330 Démo gratuit à télécharger: http://www.pass4test.fr/HS330.html
NO.1 Which of the following is an example of a taxable gift for federal gift tax purposes?
A. A father gives his 19-year-old daughter a note promising to give her his Rolls Royce when she reaches
the age of 21.
B. Instead of parents paying an outside executive $60,000, a son runs their business for 8 months without
charging a fee.
C. The parents of a married son permit their son and his family to use a summer cottage that rents for
$3,000 per month on a rent-free basis.
D. A father cancels a $50,000 note his daughter gave him when he made a loan to her 2 years ago.
Answer: D
certification American College HS330 examen certification HS330
NO.2 The interest rate for loans from the Federal Land Bank is 8 percent.
For federal estate tax purposes, the farm method valuation formula would result in a current use value for
the farm of
A. $500,000
B. $600,000
C. $700,000
D. $820,000
Answer: B
American College HS330 examen certification HS330 certification HS330
5. Which of the following types of real property ownership will be deemed to be a tenancy in common?
A. Two brothers own equal amounts of all the common stock in a corporation, the only asset of which is
real property.
B. Two brothers own equal undivided interests in a piece of real property, with each brother being able to
divest himself of his interest by sale, gift, or will.
C. Two brothers are equal partners in a general partnership that owns a piece of real property used in the
partnership business.
D. Two brothers own equal fractional interests in a piece of real property and at the death of one of the
brothers the survivor will own the entire piece of property.
Answer: B
certification American College certification HS330 HS330 certification HS330 certification HS330
6. Which of the following statements concerning property ownership by a married couple residing in a
community-property state is correct?
A. All property owned by the couple is community property.
B. Community property loses its identity when a couple moves from a community-property state to a
common-law state.
C. Property inherited by one spouse during a marriage becomes community property.
D. Income earned by one spouse becomes community property.
Answer: D
certification American College HS330 HS330
7. Which of the following statements concerning a simple trust is correct?
A. Income and principal may be distributed to a qualified charity.
B. It receives a special tax deduction for income distributed to its beneficiaries.
C. Income is accumulated at the discretion of the trustee.
D. It limits the number of permissible beneficiaries.
Answer: B
American College examen HS330 certification HS330 HS330 examen HS330 examen certification HS330
8. On the advice of their attorney and accountant, Betsy and John have decided to make substantial
transfers. They would like to pass most of their considerable wealth to their grandchildren. Which of the
following statements concerning gifts made to their grandchildren is correct?
A. The GSTT annual exclusion may be utilized by Betsy and John for each grandchild during lifetime and
at death.
B. The value of Betsy and John's GSTT exemption amounts are slightly increased when used at death
rather than during lifetime.
C. The GSTT annual exclusion is unavailable for years in which Betsy and John make tuition gifts for the
grandchildren.
D. Betsy and John may elect to split any GSTT transfers to the grandchildren.
Answer: D
certification American College HS330 HS330 examen HS330
9.The decedent, D, died this year. The facts concerning D estate are:
On January 1, 2004 a father gave his daughter a $200,000 straight (ordinary) life insurance policy on his
life.
Premiums are paid annually. The pertinent facts about the policy are:
Date of issue: July 1, 1992
Premium paid on July 1, 2003 $3,200
Gross estate $3,400,000
Marital deduction 0
Charitable deduction 600,000
Funeral & administration
expenses
80,000
Gifts made after 1976 170,000
State death taxes payable 192,000
What is D taxable estate?
A. $2,138,000
B. $2,358,000
C. $2,528,000
D. $2,720,000
Answer: C
American College examen certification HS330 certification HS330 HS330 examen
10.Terminal reserve on July 1, 2003 20,000 Terminal reserve on July 1, 2004 24,000 What is the value of
the policy for federal gift tax purposes?
A. $ 21,600
B. $ 23,200
C. $ 23,600
D. $200,000
Answer: C
American College examen certification HS330 HS330 examen certification HS330 HS330 examen certification HS330
11. A married man has two adult sons. His entire estate is in excess of $1,500,000 and consists entirely of
probate assets. He wants to make certain that if he predeceases his wife she will receive all estate
income as long as she lives, and the assets remaining at her death will pass equally to their two sons. He
wants to pass all assets to this wife and sons as free of federal estate taxes as possible. To best
accomplish these objectives, the man should include which of the following estate plans in his will?
A. Establish a QTIP trust for half his estate and bequeath the remainder to his wife
B. Establish a marital deduction trust with a general power of appointment for half his estate and place the
remainder in a QTIP trust
C. Establish a bypass trust equal to the applicable exclusion amount and place the remainder of his
estate in a QTIP trust
D. Establish a QTIP trust for his entire estate
Answer: C
certification American College certification HS330 HS330 examen certification HS330 certification HS330
12. Among the assets in a decedent's gross estate is stock in a closely held corporation that was left to a
nephew. The interest passing to the nephew is required to bear the burden of all estate taxes and
expenses. The relevant facts about this
estate are:
Adjusted gross estate $1,200,000
Fair market value of stock in the
closely held corporation 500,000
Administration and funeral
expenses
25,000
State inheritance taxes 40,000
Federal estate taxes 160,000
What amount of closely held corporate stock may be redeemed under IRC Section 303 so that the
redemption will be treated as a sale or exchange rather than a dividend distribution?
A. 0
B. $ 65,000
C. $225,000
D. $500,000
Answer: C
American College examen certification HS330 HS330 examen
13. A married man died this year leaving a gross estate of $3,200,000. Additional facts concerning his
estate are: Administration expenses and debts $ 250,000 Marital deduction 1,200,000 Applicable credit
amount (2005) 555,800 Applicable exclusion amount (2005) 1,500,000 State death taxes payable 20,400
Under the Unified Rate Schedule for computing estate taxes if the amount with respect to which the
tentative tax to be computed is over $1,000,000 but not over $1,250,000, the tentative tax is $345,800,
plus 41 percent of the excess of such amount over $1,000,000. If the amount is over $1,250,000 but not
over $1,500,000, the tentative tax is then $448,300, plus 43 percent of the excess of such amount over
$1,250,000. If the amount is over $1,500,000 but not over $2,000,000, the tentative tax is then $555,800
plus 45% of the excess of such amount over $1,500,000. Based on these facts, the net federal estate tax
payable is
A. 0
B. $103,320
C. $123,720
D. $128,280
Answer: B
certification American College HS330 examen HS330 HS330
14. Which of the following statements concerning both estates and complex trusts is correct?
A. Both must have more than one beneficiary.
B. Both come into being by operation of law.
C. Both are monitored by the courts.
D. Both are required to file income tax returns.
Answer: D
American College examen certification HS330 certification HS330
15. A widow made the following cash gifts during the current year: Donee Amount of Gift
A qualified charity $40,000
A close friend 30,000
Her sister 5,000
Her daughter 15,000
Her brother 10,000
The total amount of the taxable gifts made this year was
A. $23,000
B. $45,000
C. $52,000
D. $95,000
Answer:A
certification American College HS330 HS330 HS330 examen
16. A man is planning to establish and fund a 20-year irrevocable trust for the benefit of his two sons,
aged 19 and 22, and plans to give the trustee power to sprinkle trust income. From the standpoint of
providing federal income, gift, and estate tax savings, which of the following would be the best choice of
trustee?
A. The grantor of the trust
B. The grantor's 70-year-old father
C. The grantor's 22-year-old son
D. A bank or trust company
Answer: D
certification American College HS330 certification HS330 certification HS330
17. A man died in February of this year. Last year, when he learned that he had a terminal illness, he
immediately made the following gifts and filed the required gift tax return:
Fair Market Value
Gift of listed stock to a
qualified charity $100,000
Gift of listed bonds to his wife 200,000
Gift of a boat to his son 10,000
Gift of a sports car to his daughter
10,000
What amount must be brought back to the man's estate as an adjusted taxable gift in the calculation of his
federal estate taxes?
A. 0
B. $ 90,000
C. $280,000
D. $320,000
Answer:A
American College HS330 HS330 examen certification HS330
18. A widower dies leaving a net probate estate of $300,000. At the time of his death, his descendants are
as follows:
A son, Joe, who has no children;
A deceased daughter, Mary, whose two children, Irene and Sally, survive; and
A daughter, Anne, who has one child, Harry
Assuming that the widower's will provides for the distribution of his assets in equal shares to his children,
per stirpes,
which of the following correctly states the amounts each descendant will receive?
A. $100,000 to Joe, $50,000 to Irene, $50,000 to Sally, and $100,000 to Anne
B. $100,000 to Joe, $50,000 to Irene, $50,000 to Sally, $50,000 to Anne, and $50,000 to Harry
C. $75,000 to Joe, $75,000 to Irene, $75,000 to Sally, and $75,000 to Anne
D. $60,000 to Joe, $60,000 to Irene, $60,000 to Sally, $60,000 to Anne, and $60,000 to Harry
Answer:A
certification American College HS330 examen HS330 examen
19. Which of the following areas of consideration present common ethical issues for the estate planner?
A. Contracts
B. Compatibility
C. Consistency
D. Compensation
Answer: D
American College examen certification HS330 certification HS330
20. A father deeded a house as a gift to his daughter in 1990 but retained the right to live in it until his
death. He died this
year, while still living in the house. The following are relevant facts:
The father bought the property in 1980 for $140,000. The fair market value of the property when the gift
was made in
1990 was $170,000. The father filed a timely gift tax return but paid no gift tax because of the applicable
credit amount.
The fair market value of the property at the father's death was $200,000. The daughter sold the property 3
months after
her father's death for $200,000. She had a gain of
A. 0
B. $130,000
C. $160,000
D. $200,000
Answer:A
certification American College HS330 examen HS330
NO.3 The following are facts concerning a decedent's estate:
An executor elects to value the assets of the estate at the alternative valuation date 6 months after death.
Which of the following statements concerning the estate tax value of assets included in this estate is
correct?
Taxable estate $1,700,000
Pre-1977 taxable gifts 200,000
Post-1976 adjusted taxable gifts 50,000
Post-1976 gifts made to a qualified
charity
100,000
The tentative tax base of this estate is
A. $1,700,000
B. $1,750,000
C. $1,850,000
D. $1,900,000
Answer: B
American College examen HS330 examen HS330 examen HS330 examen
A. An annuity included in the gross estate that diminishes with the mere passage of time is includible at
the date of death value.
B. Property sold before the alternate valuation date is valued at the alternate valuation date.
C. Property that has increased in value since the date of death may be valued at the date of death if the
executor so elects.
D. Property distributed under the will before the alternate valuation date is valued at the date of death.
Answer:A
certification American College certification HS330 HS330 examen certification HS330
4. A father and son have been farming land owned by the father for the past 12 years. Just prior to his
death, the father was offered $1,200,000 for his farm because of its possible use as a shopping center.
The son would like to continue to farm the land if it can be included in his father's estate at its current use
value. Additional facts are:
1.Average annual gross rentals from nearby farms of similar acreage are $56,000.
2.Average annual state and local real estate taxes on the farm are $8,000.
