Crpc Practice Exam 1 Questions With Verified Answers

Unsystematic risk {Ans: can be effectively eliminated}Which of the following statements accurately describe basic provisions of Medicare Part B? {Ans: I, II, and IV I coverage includes benefits for physicians' services II individuals who are eligible for Part A and automatically eligible for Part B IV participants pay a monthly premium Part A covers hospital charges. Part A is provided free of charge but participants must pay a premium for Part B}Homer and Marge are married. Homer died at age 66. Marge is his sole bene for his IRA. What is/are Marge's options for handling the RMDs from his IRA assets? {Ans: II and IV II marge can move Homer's account into her previously existing IRA. she will not be subject to RMDs until she reaches age 72 IV marge can move Homer's IRA into an inherited IRA. she would have to start RMDs when Homer would have been 72}Which one of the following statements regarding Henry, who recently married for the first time, is correct? {Ans: in a community property state, henry's earnings from his job subsequent to the date of his marriage will be considered community property}Susan has reached FRA. She is trying to