For 2014, the Unified Credit Is Equivalent to a Statutory

question 59

Multiple Choice

For 2014, the unified credit is equivalent to a statutory exemption of

• A) $5,340,000.
• B) $780,800.
• C) $1,500,000.
• D) $1,000,000.

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Definitions:

Actively-managed Mutual Funds

Mutual funds where managers actively make investment decisions in an attempt to outperform a specific benchmark.

Underperformance

A return on an investment that is lower than the benchmark or expectations.

Direct-sold Funds

Direct-sold funds are mutual funds or similar investment vehicles that are offered directly to investors by the managing company, without the need for a financial advisor or broker.

Risk Premium

The extra return expected by an investor for holding a higher-risk investment over a risk-free asset.