n applicant MUST meet which of the following requirements before applying for a resident insurance producer license? Be at least twenty-one years old Receive a high school diploma Obtain the United States citizenship Complete a pre-licensing course of study
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n applicant MUST meet which of the following requirements before applying for a resident insurance producer license?
- Be at least twenty-one years old
- Receive a high school diploma
- Obtain the United States citizenship
- Complete a pre-licensing course of study
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- An applicant MUST meet which of the following requirements before applying for a resident insurance producer license? Be at least twenty-one years old Receive a high school diploma Obtain the United States citizenship Complete a pre-licensing course of studyChoose the response that accurately completes the following sentence. A taxpayer claiming the Premium Tax Credit: May be claimed as a dependent on another person's return, as long as they are under age 27. May have employer-sponsored health care coverage. Must have purchased private coverage through a plan outside the Marketplace. Must be lawfully present in the United States.Q.Which of the following statement(s) regarding employer health insurance is (are) TRUE? (check all that apply) A. The (Affordable Care ACt) ACA does not force employers to offer health insurance to their employees. B. An employer with 100 employees is subject to a tax penalty if it offers health insurance, but at least one employee buys a policy from an Exchange and receives a tax credit. C. An employer with 75 employees is eligible to a tax credit if it pays at least 50% of the premiums D. An employer with 25 employees will not be subject to tax penalties if it does not offer health insurance to its employees. E.EAn employer with 20 employees is eligible for a partial tax credit if it offers health insurance to its employees (subject to a maximum for the average annual wages).
- To enroll in Medicare Part C, an individual must A. also enroll in Medicare Part D B. have an annual income under $15, 000 C. already be enrolled in Medicare Part A only D. already be enrolled in both Medicare Parts A and B.Choose the response that accurately completes the following sentence. A taxpayer claiming the Premium Tax Credit: May be claimed as a dependent on another person's return, as long as they are under age 27. May have employer-sponsored health care coverage. Will receive a refund if the amount of the credit is larger than the tax they owe. Must have purchased private coverage through a plan outside the Marketplace.The following obligations are valid, except “I promise to give you P 220,000 on November 30, 2019.” “I promise to give you P 220,000 if your patient dies.” “I promise to give you P 220,000 if you pass the May 2019 CPA Board Examination.” “I promise to give you P 220,000, if I go to Sampaloc, Quezon this weekend.”
- The following individuals arrived in the Philippines through Flight DZ-4170 on June 30, 2019. Who is most likely to be classified as non-resident citizen for the year 2019? Collie Tan, a Chinese, planning to marry his Bicolana fiancée and stay with her to build a family Dina B. Nalican, a Filipino, returning from London after a successful one-week specialized surgery. Paul Lickett, a British, lone son of the British Ambassador to the Philippines, intends to live with his father here in the Philippines. Ligaya Calungcutan, an Overseas Filipino Worker, returning home for a three-week vacationBadges of trade are used to determine A. if an individual is UK resident or not B. whether or not a trade exists C. how much tax an individual should pay D. the age of a taxpayer 10. Unused pension allowance can be carried forward up to A. 1 year B. 3 years C. 2 years D. 6 years.Benjamin has the following dependents. child age 19 child age 15 mother age 67 How may of these dependents qualify for the $500 nonrefundable Credit for Other dependents in 2021?
- Which of the following are covered by FICA (indicate Yes or No)? _____1. Andrian Mitchell, a full-time life insurance salesperson. _____2. John Sain, a federal government employee, hired in 1990. _____3. Bonnie Stone, a real estate agent. _____4. Stuart Schuck, who offers lawn care service to homeowners in the neighborhood.Mrs Tan, a Singaporean, is married with two children, aged 11 and 9 as at 31 December 2020. Both her children are Singaporeans. Mrs Tan's earned income for 2020 is $300,000. Calculate the Working Mother Child Relief that Mrs Tan can claim for the Year of Assessment 2021. Assume Mrs Tan's husband will claim the qualifying child relief. Question 1 options: 1) $91,000 2) $105,000 3) $100,000 4) $113,000Assume that you have calculated: (a) premiums for life insurance policies and (b) payments to annuitants based upon an assumption that everybody dies before attaining age 101. Now you discover that a significant number of your policy owners are likely to live beyond age 101 and some will live to age 121. How will that affect your business?
