A _____ Permits Annual Direct Transfers of Required Minimum Distributions

question 4

Multiple Choice

A _____ permits annual direct transfers of required minimum distributions (RMDs) and other taxable distributions to a qualified charity from an IRA,up to $100,000.

• A)Qualified Charitable Distribution.
• B)Qualified Charitable Lead.
• C)Qualified Charitable Unit.
• D)Qualified Net Income Makeup.

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Definitions:

Principal

The primary amount of a loan or investment, excluding interest or profits.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified price.

Maturity

The point in time when a financial instrument or obligation, such as a bond or loan, becomes due and payment is required.

Premium

The amount paid for an insurance policy, or the extra cost above the nominal value of something such as a bond or stock.