Which of the Following Organizations Recommends Best Practices for the Investment

question 54

Multiple Choice

Which of the following organizations recommends best practices for the investment management industry?

• A)PRMIA
• B)Risk Standards Working Group
• C)GARP
• D)G-30
• E)Financial Accounting Standards Board

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Definitions:

Non-Eligible Dividends

are dividends from a corporation that do not qualify for the enhanced dividend tax credit in the recipient's hands, often because the issuing corporation pays tax at a rate less than the standard corporate rate.

Capital Gains

The profit from the sale of an asset or investment when the selling price exceeds the original purchase price.

Marginal Tax Rates

Marginal tax rates are the rates of tax applied to the next dollar of income, used to determine the tax impact of additional income or deductions.

Total Tax

The sum of all taxes levied on an individual or a corporation by various governmental agencies.