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NEW QUESTION: 1
Tax benefits of making lifetime gifts in excess of the gift tax annual exclusion include which of the following?
1.The gift tax paid on a gift made more than 3 years prior to the death of the donor is not brought back into the donor's estate.
2.Such gifts make use of the lifetime applicable credit amount against gift taxes which is wasted if the property is retained until the donor's death.
A. 1 only
B. 2 only
C. Neither 1 nor 2
D. Both 1 and 2
Answer: A

NEW QUESTION: 2
Which protocols does clustered Data ONTAP HA support with Infinite Volumes?
A. NFSv3, NFSv4.1 and SMB1.0
B. NFSv2, NFSv3, and NFSv4.0 only
C. NFSv2 and SMB1.0 only
D. NFS v1, NFSv2, and NFSv3 only
E. All supported NAS and SAN protocols on Data ONTAP
F. NFSv3 only
Answer: A
Explanation:
Reference: http://www.globbtv.com/microsite/18/Adjuntos/_TR4078_INFINITEVOLUME_BPG.PDF (page 5, supported configuration)

NEW QUESTION: 3
Which of the following statements regarding the tax treatment of variable annuity contracts is false?
A. Earnings on the contributions to a variable annuity are not taxed during the accumulation phase.
B. If an investor opts to make a random, partial, lump sum withdrawal, the entire amount of the withdrawal will be taxed as ordinary income to the investor.
C. An investor who makes a withdrawal prior to having reached the age of 62 ½ will be subject to a 10% penalty on the withdrawal.
D. If an investor opts to receive regular payments of a specific amount -i.e., annuities-part of each payment will be considered repayment of principal and will not be subject to taxation.
Answer: C
Explanation:
Explanation/Reference:
Explanation: The false statement is that an investor who makes a withdrawal prior to having reached the age of 62 ½ will be subject to a 10% penalty. As long as the investor has reached the age of 59 ½, no penalty will be assessed.

NEW QUESTION: 4
Which of the following variables is covered by IBM Worklight's per-application pricing structure and still considered a single application?
A. Multiple server installations
B. Multiple devices
C. Multiple developers
D. All of the above
Answer: A

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