CDFA REVIEW 2026 UPDATED QUESTIONS
VERIFIED ANSWERS COMPLETE GUIDE
◉ No
Answer: Is a company car a career asset?
◉ ((1+discount rate)/ (1+inflation rate))-1*100=
Answer: What is the equation for the inflation adjusted discount
rate?
◉ yes
Answer: Is the interest paid on a settlement note by the payor
deductible?
◉ QDRO
Answer: What can be used to provide collateral for the settlement
note
◉ 60 days
Answer: what is the max amount of days to complete a rollover
◉ IRC 32
, Answer: What is the governing code section that permits the
custodial parent to take the Earned Income Tax Credit?
◉ Rehabilitative Maintenance
Answer: The purpose of this is to provide temporary financial help
until the recipient is able to earn enough to be self-sufficient
◉ year 3
Answer: A decline in spousal support of $20,000 in what year would
trigger recapture
◉ It is taxable to the person who receives it and always tax-
deductible by the person who pays it
Answer: Describe the relationship between the taxability and
deductibility of spousal support in pre-2019 divorces
◉ itemized deductions
Answer: Schedule A determines ____________?
◉ Child Tax Credit
Answer: Which tax benefit does the non-custodial parent qualify?
◉ alternative minimum tax credit
VERIFIED ANSWERS COMPLETE GUIDE
◉ No
Answer: Is a company car a career asset?
◉ ((1+discount rate)/ (1+inflation rate))-1*100=
Answer: What is the equation for the inflation adjusted discount
rate?
◉ yes
Answer: Is the interest paid on a settlement note by the payor
deductible?
◉ QDRO
Answer: What can be used to provide collateral for the settlement
note
◉ 60 days
Answer: what is the max amount of days to complete a rollover
◉ IRC 32
, Answer: What is the governing code section that permits the
custodial parent to take the Earned Income Tax Credit?
◉ Rehabilitative Maintenance
Answer: The purpose of this is to provide temporary financial help
until the recipient is able to earn enough to be self-sufficient
◉ year 3
Answer: A decline in spousal support of $20,000 in what year would
trigger recapture
◉ It is taxable to the person who receives it and always tax-
deductible by the person who pays it
Answer: Describe the relationship between the taxability and
deductibility of spousal support in pre-2019 divorces
◉ itemized deductions
Answer: Schedule A determines ____________?
◉ Child Tax Credit
Answer: Which tax benefit does the non-custodial parent qualify?
◉ alternative minimum tax credit
