CDFA COMPREHENSIVE ASSESSMENT
2026 SOLVED QUESTIONS SOLUTIONS
GRADED A+
◉ Employee Retirment Income Security Act of 1974
Answer: Established laws relating to the attachment of pension
benefits, thereby putting family law courts into a quandry as to how
to treat retirement plan assets that state courts clearly determine
were marital propery
◉ Retirement Act of 1984
Answer: This act states that all qualifed plans subject to ERISA may
segregate assets for the benefit of an "alternate payee" through a
QDRO
◉ 5 year cliff vesting
Answer: An employee who has at least 5 years must have a
nonforfeitable right to 100% of the employees accrued benefit
◉ Defined Contribution
Answer: Provides a separate account for each employee and its
benefits are based on contributions and earning in that employees
account
,◉ Defined Benefit
Answer: Plan obligates the employer to pay a specified amount
annually or monthly pension to each employee upon that employees
retirement
◉ 1041
Answer: Under this code the transfer of a spouses interest in a
retirement plan as part of the division of the marital propery is not a
taxable event
◉ $250k, $500k
Answer: How much can a single tax payer exclude of capital gains for
the sale of a home? married couple?
◉ 2 years
Answer: Exclusion for the sale of a home can occur every X years?
◉ 2 of 5 years
Answer: Tax payers must own and use the property for the last X of
X years prior to the sale
◉ resident spouse
, Answer: Minor repairs of the home should be paid by who?
◉ Repairs
Answer: What is not incuded in calculating the cost basis of a
primary home?
◉ Need, ability to pay, length of marriage, previous lifestyle, age &
health of both parties
Answer: What is the criteria for receiving or paying spousal
support?
◉ Transfer of services
Answer: Transfer of what does not qualify as spousal support
◉ retirement savings contribution credit
Answer:
◉ decreases, increases
Answer: As child support X, Spousal Support X?
◉ yes
Answer: Is child support modifiable?
2026 SOLVED QUESTIONS SOLUTIONS
GRADED A+
◉ Employee Retirment Income Security Act of 1974
Answer: Established laws relating to the attachment of pension
benefits, thereby putting family law courts into a quandry as to how
to treat retirement plan assets that state courts clearly determine
were marital propery
◉ Retirement Act of 1984
Answer: This act states that all qualifed plans subject to ERISA may
segregate assets for the benefit of an "alternate payee" through a
QDRO
◉ 5 year cliff vesting
Answer: An employee who has at least 5 years must have a
nonforfeitable right to 100% of the employees accrued benefit
◉ Defined Contribution
Answer: Provides a separate account for each employee and its
benefits are based on contributions and earning in that employees
account
,◉ Defined Benefit
Answer: Plan obligates the employer to pay a specified amount
annually or monthly pension to each employee upon that employees
retirement
◉ 1041
Answer: Under this code the transfer of a spouses interest in a
retirement plan as part of the division of the marital propery is not a
taxable event
◉ $250k, $500k
Answer: How much can a single tax payer exclude of capital gains for
the sale of a home? married couple?
◉ 2 years
Answer: Exclusion for the sale of a home can occur every X years?
◉ 2 of 5 years
Answer: Tax payers must own and use the property for the last X of
X years prior to the sale
◉ resident spouse
, Answer: Minor repairs of the home should be paid by who?
◉ Repairs
Answer: What is not incuded in calculating the cost basis of a
primary home?
◉ Need, ability to pay, length of marriage, previous lifestyle, age &
health of both parties
Answer: What is the criteria for receiving or paying spousal
support?
◉ Transfer of services
Answer: Transfer of what does not qualify as spousal support
◉ retirement savings contribution credit
Answer:
◉ decreases, increases
Answer: As child support X, Spousal Support X?
◉ yes
Answer: Is child support modifiable?
