Q9. All else being equal, an investment fund that has a high level of portfolio turnover will accrue: A) more tax liabilities, and have a larger tax deferral benefit. B) more tax liabilities, and have a smaller tax deferral benefit. C) less tax liabilities, and have a smaller tax deferral benefit.
Q10. Emmanuel Qi purchased 100 shares of QRS on September 23rd. It is now September 16th of the following year, and he is planning to sell the shares to harvest a capital gain. You have advised him to wait until September 24th to sell. This is an example of: A) deferring the timing of the tax payment. B) minimizing the amount of the tax payment. C) both minimizing the amount and deferring the timing of the tax payment.
Q11. An individual, aged 40, is currently in the 25% marginal tax bracket, and expects to be in the 15% bracket when he retires. Making contributions today to a tax-deductible individual retirement account is an example of: A) both minimizing the amount and deferring the timing of the tax payment. B) deferring the timing of the tax payment. C) minimizing the amount of the tax payment.
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发表于 2009-1-20 09:23
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