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Danko Self-created > Next Hardest > Flashcards

Next Hardest Flashcards

Memorizing stuff that was still hard after two rounds of cards

1
Q

Capm

A

Capital asset pricing model

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2
Q

Qualified business income deduct phase out (qbi)

A

326,600 to 426,600 phaseout mfj

163,300 to 213,300 single

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3
Q

Maximum loss in a partnership tax return

A

Basis

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4
Q

An LLC with greater than two members is a

A

LLP

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5
Q

What losses are allowed to be carried forward?

A

All, endlessly

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6
Q

What losses are allowed to be carried back?

A

None

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7
Q

Section 1244 loss

A

100,000 per year is ordinary, not a capital loss. It only applies to the first million dollars of stock initially issued. In addition to capital losses. S or c Corp

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8
Q

How does an eligible corporation become an s

A

By unanimous decision election of its shareholders

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9
Q

Tommy Jones cfp is meeting with a new client what is the first step he should take?

A

Provide the client with written disclosure of all material information

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10
Q

What is another name for the constant growth model?

A

Dividend discount model

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11
Q

What do the constant growth model in dividend discount model help you figure out?

A

Stock valuation

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12
Q

Quickly quote

A

Dividend times 1 plus the growth rate of the dividend over required rate of return minus growth rate of dividend

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13
Q

What is the difference between what a dividend is for a broker and a cfp?

A

The dividend includes the sale

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14
Q

What is rrr?

A

Required rate of return

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15
Q

What does r sub m stand for in volatility equations, risk equations?

A

Return of the market

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16
Q

What does r sub f stand for in a

A

Risk-free return

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17
Q

What are three subdivisions of fiduciary duty?

A

Loyalty, following client instructions

18
Q

Usual amount for coinsurance

A

80%

19
Q

What’s the only absolute measurement in

A

Alpha, Jensen’s alpha

20
Q

Hazard

A

Increases likelihood of loss from apparel

21
Q

What distinguishes insurance as a contract?

A

It is unilateral and aliaatory unequal exchange

22
Q

GDP mnemonic

A

CIGNE

23
Q

Difference between fiscal and monetary policy

A

TBR

24
Q

Ird

A

Income in respect of a decedent

25
Q

Covariance

A

How much two stocks move alike

Rho

26
Q

Greek letter for correlation coefficient

A

Rho IJ

27
Q

What does coefficient of variation measure

A

Risk per unit of expected return

28
Q

How do you do a CV problem?

A

Mean return divided by the standard deviation. Higher percentage means more risky.

29
Q

What 12C key do you use for mean and standard deviation?

A

Sigma plus, g key x, g key .

30
Q

What risk does beta measure, systematic or unsystematic?

A

Systematic

31
Q

Review irr calc on iv33

A

Tbr, comments here

32
Q

What does dollar weighted return factor in?

A

Cash flow

33
Q

Dividend payout ratio formula

A

Common dividends per share paid over eps

34
Q

Roe formula

A

Eps over book value of common Equity per share

EPS/common eq-BV

35
Q

Writing off insurance loss

A

(lesser of basis or fmv) minus insurance coverage minus $100 - 10% of AGI

36
Q

Likely answers at an indifference curve question

A

Education is desirable
Did you already take his risk tolerance?
Low risk tolerance indicates steep indifference curve

37
Q

Kiddie tax. Kid has both earned and unearned income period what is standard deduction?

A

The greater of 1100 unearned income or earned income plus $350. Election.

38
Q

What is IRS form 706?

A

A federal estate tax form

39
Q

Types of term insurance

A

Annual renewable, level, reentry, decreasing term, first to die/joint life

40
Q

Main difference between Mec and non-mec contracts

A

Loans and withdrawals have no tax effect on non-mec contracts

41
Q

What is law on QBI?

A

Deduction of up to 20% qbi from pass thru entities:, sole prop, partnership, s corp, llc’s. 20% of net income.

Mostly for svc, hale biz’s but also some others, retail. Reduced by 1/2 wages pd

Danko Self-created (10 decks)

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