RMD
When is the last day a current year RMD can be adjusted?
Last business day of the current year
What is the rate of voluntary withholding and what account types can it be applied to?
24%
Div & cap gains in non-retirement TA accounts
The portion of a company's profits paid out to shareholders is called a ________.
Dividend
What is the updated call routing for Foundational Response?
2CARE option 3, option 2
How many sectors are there?
11
What is the term of an RMD that is made payable to a non-profit?
Qualified Charitable Distribution (QCD)
What are the three options for federal tax withholding client's have when taking distributions from Traditional, SEP, SIMPLE, and Inherited Traditional IRAs?
- Let VG automatically withhold 10%
- Instruct VG to withhold more than 10%
- Instruct VG not to withhold any taxes
______ is the degree of uncertainty about the expected return from an investment, including the possibility that some or all of the investment might be lost.
Risk
What is 4HELPs new name?
Information Services
Which of these is not one of the GICS sectors?
Financials
Energy
Consumer Staples
Insurance
Materials
Insurance
What kind of RMD can be deleted by Foundational and Priority Response to allow for a VTA Merge Upgrade?
Calculation Only
What two things may (without client request) cause payments of dividend and capital gains to be subject to backup withholding?
B-notice (TIN discrepancy)
C-notice (client has underreported on dividends)
_____ is the ease with which an investment can be turned into cash, without significant loss of value.
Liquidity
What journey would a client go through if they wanted to open a new account?
Onboarding
Which sector includes:
Apparel
Printing & Publishing
Household furniture and appliances
Consumer Discretionary
What is the penalty for money remaining in an Inherited IRA when the Five Year Rule has been exceeded?
50%
What is the tax rate withheld for Non-resident (NRA) IRA distributions?
30%
*unless an IRA FORM W-8BEN was submitted and verified before the transaction is submitted, then a reduced rate may be applied
There are seven of the twelve denominations of U.S. dollar bills still being printed. Which of the following is NOT one of the five remaining larger denominations still in rotation?
$1,000
$5,000
$10,000
$20,000
$100,000
$20,000
When a client has a legitimate excess removal issue, what journey do they need to speak with first?
Retirement
What does GICS stand for?
Global Industry Classification Standard
What is the name of the IRS form used for calculating life expectancy factor?
590B
What state will Vanguard Brokerage Services not process state withholding for?
Virginia
In terms of overall size of launch and offer amount, which company had the largest IPO in 2018?
Axa Equitable Holdings (EQH)
Spotify Technology (SPOT)
Roku Inc (ROKU)
Lyft (LYFT)
Spotify Technology (SPOT)
What two groups make up the Specialized Needs: Regulatory Operations Journey?
Cost Basis
Tax
How many industry groups are there?
24