12/28/25, 2:53 PM CDFA Exam Study Materials update| comprehensive questions and verified answers (complete solutions) ASSURED SUCC…
CDFA Exam Study Materials update| comprehensive
questions and verified answers (complete solutions)
ASSURED SUCCESS|GRADE A+!! (100% ACCURATE) GET IT
RIGHT!! BRAND NEW 2026 -2027
5-year cliff vesting An employee who has at least five years of service
must have a non-forfeitable right to 100% of the
employee's accrued benefit [IRC §411(a)(2)(A)].
3- to 7-year vesting (7-year graded An employee who has completed at least three years
vesting) of service must have a non- forfeitable right to at
least the following percentages of his or her
accrued benefit: 20% after three years of service, 40%
after four years of service, 60% after five years of
service, 80% after six years of service, and 100% after
seven years of service [IRC §411(a)(2)(B)].
Top-heavy plans or matching 3-year cliff vesting or 6-year graded vesting.
contributions typically use
_ __ vesting
Schedule A: Itemized Deductions Schedule may help identify unlisted assets or sources
of income. For example,
property taxes may reveal real property or a boat that
one spouse does not know exists; and gambling losses
would reveal that there are gambling winnings.
Schedule B: Interest and Ordinary Schedule identifies the assets and investments
Dividends generating interest and
dividends.
Schedule C: Profit or Loss from Schedule ___ may be a place to hide assets or income.
Business For example, depreciation expense is not a cash
outflow and should sometimes be added back to
net income to determine actual income. The
depreciation schedule may also reveal additional
assets in the business.
Schedule D: Capital Gains and Losses Schedule is used to report gains and losses from the
sale of stocks, bonds,
and real estate.
,12/28/25, 2:53 PM CDFA Exam Study Materials update| comprehensive questions and verified answers (complete solutions) ASSURED SUCC…
Form 1120S Form __ is used to report corporate income for S
corporations.
Schedule 1: Additional Income and Schedule_____ includes additional income, such as
Adjustments to Income capital gains,
unemployment compensation, prize or award money,
and gambling winnings. It also includes deductions
such as student loan interest, self-employment tax,
and educator expenses.
Schedule 2 Tax Schedule ____ details the alternative minimum tax
(ATM) or an excess advance
premium tax credit repayment.
Schedule 3 Nonrefundable Credits Schedule ____ is used to claim a nonrefundable
credit other than the child tax
credit or the credit for other dependents, such as
the foreign tax credit, education credits, or general
business credit.
Schedule 4 Other Taxes Schedule ____ reports other taxes, such as self-
employment tax, household
employment taxes, additional tax on IRAs or other
qualified retirement plans and tax-favored
accounts.
,12/28/25, 2:53 PM CDFA Exam Study Materials update| comprehensive questions and verified answers (complete solutions) ASSURED SUCC…
Schedule 5: Other Payments and Schedule is used to claim a refundable credit other
Refundable Credits than the earned
income credit, American opportunity credit, or
additional child tax credit.
Form 4562 Form _ reports deductions for depreciation and
amortization as well as
provides information on the business/investment use
of automobiles and other listed property.
Form 4797 Form __ reports the sale or exchange of business
property and the
computation of recapture amounts under sections 179
and 280F(b)(2).
Accountant An _______ is a person who is qualified to keep, audit,
and inspect the
financial records of individuals or business concerns
and prepares financial and tax reports.
Actuary An ____ is a person whose work is to calculate statistically
risks, premiums, and
life expectancies for insurance and pension plans.
Attorney An ______ person who is legally qualified and licensed
to represent a person
in a legal matter, such as a transaction or lawsuit.
Business Valuator A ______ is an individual who is trained in evaluating and
assigning a value to
a business.
Divorce A _______ is the legal proceeding by which a marriage is
legally terminated.
It may be contested (where one party denies the
allegation or wants to keep the marriage in place) or
uncontested.
Mediator A ______is an individual who has been trained to assist
people in coming to
an agreement, especially one that reconciles
differences between disputants.
Pension Valuator A _________ is an individual who is qualified to calculate
the value of
defined benefit pension plans, such as the marital
portion of a plan for the division of assets in a
divorce.
Arbitration _ _____ is submitting a disputed matter for decision to a
person who is not a
, 12/28/25, 2:53 PM CDFA Exam Study Materials update| comprehensive questions and verified answers (complete solutions) ASSURED SUCC…
Change of Venue A _________is a change of judges or geographical
location, requested by a
party to the action who feels that the change is justified
by state law.
Collaborative Divorce A ___________ is a team approach to divorce in which
divorcing couples
obtain professional help from specialists in the legal,
financial, and mental health fields; when needed,
additional professionals (including child/parenting
experts) may be called in to help the couple settle
their case.
CDFA Exam Study Materials update| comprehensive
questions and verified answers (complete solutions)
ASSURED SUCCESS|GRADE A+!! (100% ACCURATE) GET IT
RIGHT!! BRAND NEW 2026 -2027
5-year cliff vesting An employee who has at least five years of service
must have a non-forfeitable right to 100% of the
employee's accrued benefit [IRC §411(a)(2)(A)].
3- to 7-year vesting (7-year graded An employee who has completed at least three years
vesting) of service must have a non- forfeitable right to at
least the following percentages of his or her
accrued benefit: 20% after three years of service, 40%
after four years of service, 60% after five years of
service, 80% after six years of service, and 100% after
seven years of service [IRC §411(a)(2)(B)].
Top-heavy plans or matching 3-year cliff vesting or 6-year graded vesting.
contributions typically use
_ __ vesting
Schedule A: Itemized Deductions Schedule may help identify unlisted assets or sources
of income. For example,
property taxes may reveal real property or a boat that
one spouse does not know exists; and gambling losses
would reveal that there are gambling winnings.
Schedule B: Interest and Ordinary Schedule identifies the assets and investments
Dividends generating interest and
dividends.
Schedule C: Profit or Loss from Schedule ___ may be a place to hide assets or income.
Business For example, depreciation expense is not a cash
outflow and should sometimes be added back to
net income to determine actual income. The
depreciation schedule may also reveal additional
assets in the business.
Schedule D: Capital Gains and Losses Schedule is used to report gains and losses from the
sale of stocks, bonds,
and real estate.
,12/28/25, 2:53 PM CDFA Exam Study Materials update| comprehensive questions and verified answers (complete solutions) ASSURED SUCC…
Form 1120S Form __ is used to report corporate income for S
corporations.
Schedule 1: Additional Income and Schedule_____ includes additional income, such as
Adjustments to Income capital gains,
unemployment compensation, prize or award money,
and gambling winnings. It also includes deductions
such as student loan interest, self-employment tax,
and educator expenses.
Schedule 2 Tax Schedule ____ details the alternative minimum tax
(ATM) or an excess advance
premium tax credit repayment.
Schedule 3 Nonrefundable Credits Schedule ____ is used to claim a nonrefundable
credit other than the child tax
credit or the credit for other dependents, such as
the foreign tax credit, education credits, or general
business credit.
Schedule 4 Other Taxes Schedule ____ reports other taxes, such as self-
employment tax, household
employment taxes, additional tax on IRAs or other
qualified retirement plans and tax-favored
accounts.
,12/28/25, 2:53 PM CDFA Exam Study Materials update| comprehensive questions and verified answers (complete solutions) ASSURED SUCC…
Schedule 5: Other Payments and Schedule is used to claim a refundable credit other
Refundable Credits than the earned
income credit, American opportunity credit, or
additional child tax credit.
Form 4562 Form _ reports deductions for depreciation and
amortization as well as
provides information on the business/investment use
of automobiles and other listed property.
Form 4797 Form __ reports the sale or exchange of business
property and the
computation of recapture amounts under sections 179
and 280F(b)(2).
Accountant An _______ is a person who is qualified to keep, audit,
and inspect the
financial records of individuals or business concerns
and prepares financial and tax reports.
Actuary An ____ is a person whose work is to calculate statistically
risks, premiums, and
life expectancies for insurance and pension plans.
Attorney An ______ person who is legally qualified and licensed
to represent a person
in a legal matter, such as a transaction or lawsuit.
Business Valuator A ______ is an individual who is trained in evaluating and
assigning a value to
a business.
Divorce A _______ is the legal proceeding by which a marriage is
legally terminated.
It may be contested (where one party denies the
allegation or wants to keep the marriage in place) or
uncontested.
Mediator A ______is an individual who has been trained to assist
people in coming to
an agreement, especially one that reconciles
differences between disputants.
Pension Valuator A _________ is an individual who is qualified to calculate
the value of
defined benefit pension plans, such as the marital
portion of a plan for the division of assets in a
divorce.
Arbitration _ _____ is submitting a disputed matter for decision to a
person who is not a
, 12/28/25, 2:53 PM CDFA Exam Study Materials update| comprehensive questions and verified answers (complete solutions) ASSURED SUCC…
Change of Venue A _________is a change of judges or geographical
location, requested by a
party to the action who feels that the change is justified
by state law.
Collaborative Divorce A ___________ is a team approach to divorce in which
divorcing couples
obtain professional help from specialists in the legal,
financial, and mental health fields; when needed,
additional professionals (including child/parenting
experts) may be called in to help the couple settle
their case.
