This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Taxes Module (Module 28) of the program. The questions are all multiple choice, and are designed to be a review of this Module. Let LFE know when you've successfully completed this test and are ready to begin the next Module.
Correct answers required for passing grade: 9/10
Health savings account deduction
Tuition and fees deduction
Contribution to an IRA
Student loan interest
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Credit for child and dependent care expenses
Retirement savings contributions
Education credits
Dividend interest
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Amount of income taxes payable
Amount of disposable income available
Retirement earnings
Vacation fund
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Frivolous Arguments
Nigerian or 419 scams
Spanish prisoner scams
Scholarship scams
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Overclaiming deductions
Overclaiming exemptions
Underreporting income
Addition errors
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Person specifically trained to prepare tax returns
Certified Management Accountant
Financial expert specifically trained in tax law
Attorney at law
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Enroll in employer’s 401(k) plan
Reduce the number of exemptions taken
Increase the number of exemptions taken
Deposit funds into an IRA account
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Husband
Wife
Husband, wife, and CPA
Husband and wife
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Rollover
Cash out and reinvest
Trustee-to-trustee transfer
Transfer fund through a company bank
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Quiz Review Timeline (Updated): Jul 11, 2023 +
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