CA PSI SITE COMPREHENSIVE
CERTIFICATION EXAMINATION 2026 FULL
QUESTIONS AND VERIFIED SOLUTIONS
◉ Which of these statements concerning Traditional IRAs is
CORRECT?
Earnings are taxable when withdrawn
Earnings are not taxable when withdrawn
Contributions are always made by the employer
Contributions are never tax-deductible.
Answer: Earnings are taxable when withdrawn
◉ Within how many days must a rollover be completed in order to
avoid being taxed as current income?
60
120
90
30.
Answer: 60
,◉ A rollover from a Traditional IRA to another IRA MUST be done
within ___ days to avoid tax consequences.
15
60
90
30.
Answer: 60
◉ Which of the following employers is required to follow ERISA
regulations?
A local electrical supply company with 12 employees
A church with 30 employees
A Canadian company with 300 employees
A local government with 150 employees.
Answer: A local electrical supply company with 12 employees
◉ Under Social Security disability requirements, a worker is fully
insured on a permanent basis after having worked in a covered
occupation for:
,20 quarters
10 quarters
30 quarters
40 quarters.
Answer: 40 quarters
◉ What is the formal name for Social Security?
Old Age Survivors Disability Insurance
Qualified Age Survivors Disability Insurance
Advanced Age Survivors Disability Insurance
Retirement Age Survivors Disability Insurance.
Answer: Old Age Survivors Disability Insurance
◉ All of the following statements correctly describe the purpose of
Social Security EXCEPT
It provides retirement and survivor benefits to a worker and the
worker's family
It provides a source of income for a meaningful standard of living
during retirement
It augments a sound personal insurance plan
, It provides basic protection against financial problems
accompanying death, disability, and retirement.
Answer: It provides a source of income for a meaningful standard of
living during retirement
◉ How long does the elimination period last for a Social Security
Disability claimant?
5 months
0 months
6 months
12 months.
Answer: 5 months
◉ Jan, a single, working mother, dies at age 40. Dave, her only son,
would receive a one-time lump-sum benefit of
$255
$500
$2,555
$1,000.
Answer: $255
CERTIFICATION EXAMINATION 2026 FULL
QUESTIONS AND VERIFIED SOLUTIONS
◉ Which of these statements concerning Traditional IRAs is
CORRECT?
Earnings are taxable when withdrawn
Earnings are not taxable when withdrawn
Contributions are always made by the employer
Contributions are never tax-deductible.
Answer: Earnings are taxable when withdrawn
◉ Within how many days must a rollover be completed in order to
avoid being taxed as current income?
60
120
90
30.
Answer: 60
,◉ A rollover from a Traditional IRA to another IRA MUST be done
within ___ days to avoid tax consequences.
15
60
90
30.
Answer: 60
◉ Which of the following employers is required to follow ERISA
regulations?
A local electrical supply company with 12 employees
A church with 30 employees
A Canadian company with 300 employees
A local government with 150 employees.
Answer: A local electrical supply company with 12 employees
◉ Under Social Security disability requirements, a worker is fully
insured on a permanent basis after having worked in a covered
occupation for:
,20 quarters
10 quarters
30 quarters
40 quarters.
Answer: 40 quarters
◉ What is the formal name for Social Security?
Old Age Survivors Disability Insurance
Qualified Age Survivors Disability Insurance
Advanced Age Survivors Disability Insurance
Retirement Age Survivors Disability Insurance.
Answer: Old Age Survivors Disability Insurance
◉ All of the following statements correctly describe the purpose of
Social Security EXCEPT
It provides retirement and survivor benefits to a worker and the
worker's family
It provides a source of income for a meaningful standard of living
during retirement
It augments a sound personal insurance plan
, It provides basic protection against financial problems
accompanying death, disability, and retirement.
Answer: It provides a source of income for a meaningful standard of
living during retirement
◉ How long does the elimination period last for a Social Security
Disability claimant?
5 months
0 months
6 months
12 months.
Answer: 5 months
◉ Jan, a single, working mother, dies at age 40. Dave, her only son,
would receive a one-time lump-sum benefit of
$255
$500
$2,555
$1,000.
Answer: $255
