8/2/25, 7:08 AM CDFA Exam Study Materials EXAM 2025/2026 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!…
CDFA Exam Study Materials EXAM 2025/2026
COMPLETE EXAM QUESTIONS AND ACCURATE
ANSWERS |ALREADY PASSED!!
Save
Terms in this set (266)
An employee who has at least five years of service
5-year cliff vesting must have a non-forfeitable right to 100% of the
employee's accrued benefit [IRC §411(a)(2)(A)].
An employee who has completed at least three years
of service must have a non-forfeitable right to at least
the following percentages of his or her accrued
3- to 7-year vesting (7-
benefit: 20% after three years of service, 40% after
year graded vesting)
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 3-year cliff vesting or 6-year graded vesting.
matching contributions
typically use _________
vesting
Schedule ____ may help identify unlisted assets or
sources of income. For example, property taxes may
Schedule A: Itemized
reveal real property or a boat that one spouse does
Deductions
not know exists; and gambling losses would reveal
that there are gambling winnings.
Schedule B: Interest and Schedule ____ identifies the assets and investments
Ordinary Dividends generating interest and dividends.
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,8/2/25, 7:08 AM CDFA Exam Study Materials EXAM 2025/2026 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!…
Schedule ___ may be a place to hide assets or income.
For example, depreciation expense is not a cash
Schedule C: Profit or Loss outflow and should sometimes be added back to net
from Business income to determine actual income. The depreciation
schedule may also reveal additional assets in the
business.
Schedule D: Capital Gains Schedule _______ is used to report gains and losses from
and Losses the sale of stocks, bonds, and real estate.
Schedule _____ is used to report income from rental
Schedule E: Supplemental
properties, royalties, partnerships, and S-corporation
Income and Loss
income. Depreciation would be something to review.
Form 1065 Form _________ is used to report partnership income.
Form 1120 Form __________ is used to report corporate income
Form ___________ is used to report corporate income for
Form 1120S
S corporations.
Schedule ____________________ includes additional income,
Schedule 1: Additional such as capital gains, unemployment compensation,
Income and Adjustments prize or award money, and gambling winnings. It also
to Income includes deductions such as student loan interest,
self-employment tax, and educator expenses.
Schedule _________ details the alternative minimum tax
Schedule 2 Tax (ATM) or an excess advance premium tax credit
repayment.
Schedule _________ is used to claim a nonrefundable
Schedule 3 credit other than the child tax credit or the credit for
Nonrefundable Credits other dependents, such as the foreign tax credit,
education credits, or general business credit.
Schedule ___________ reports other taxes, such as self-
employment tax, household employment taxes,
Schedule 4 Other Taxes
additional tax on IRAs or other qualified retirement
plans and tax-favored accounts.
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,8/2/25, 7:08 AM CDFA Exam Study Materials EXAM 2025/2026 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!…
Schedule 5: Other Schedule _________ is used to claim a refundable credit
Payments and Refundable other than the earned income credit, American
Credits opportunity credit, or additional child tax credit.
Form _________ reports deductions for depreciation and
amortization as well as provides information on the
Form 4562
business/investment use of automobiles and other
listed property.
Form ___________ reports the sale or exchange of
Form 4797 business property and the computation of recapture
amounts under sections 179 and 280F(b)(2).
An __________________ is a person who is qualified to keep,
audit, and inspect the financial records of individuals
Accountant
or business concerns and prepares financial and tax
reports.
An ___________ is a person whose work is to calculate
Actuary statistically risks, premiums, and life expectancies for
insurance and pension plans.
An ________________ person who is legally qualified and
Attorney licensed to represent a person in a legal matter, such
as a transaction or lawsuit.
A _________________ is an individual who is trained in
Business Valuator
evaluating and assigning a value to a business.
A __________________ is the legal proceeding by which a
marriage is legally terminated. It may be contested
Divorce
(where one party denies the allegation or wants to
keep the marriage in place) or uncontested.
A _______________ is an individual who has been trained to
Mediator assist people in coming to an agreement, especially
one that reconciles differences between disputants.
A ________________________ is an individual who is qualified to
calculate the value of defined benefit pension plans,
Pension Valuator
such as the marital portion of a plan for the division of
assets in a divorce.
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, 8/2/25, 7:08 AM CDFA Exam Study Materials EXAM 2025/2026 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!…
_________________ is submitting a disputed matter for
decision to a person who is not a judge. The decision
Arbitration
of an arbitrator is usually binding and final. Arbitration
varies greatly from mediation.
_____________________________ is a discretionary legal standard
used by judges when making decisions about custody,
Best Interest of the Child
visitation, and support for a child when the parents
are divorcing.
A ______________________ is a change of judges or
geographical location, requested by a party to the
Change of Venue
action who feels that the change is justified by state
law.
A ____________________________ is a team approach to divorce
in which divorcing couples obtain professional help
from specialists in the legal, financial, and mental
Collaborative Divorce
health fields; when needed, additional professionals
(including child/parenting experts) may be called in
to help the couple settle their case.
_____________________________ is a new dispute resolution
model in which each party retains their own attorney
who has gone through specialized
"___________________________" training. The lawyer's only job is
to help settle the dispute. All parties agree to work
together respectfully, honestly, and in good faith to
Collaborative Law
try to find "win-win" solutions to the legitimate needs
of both parties. No one may go to court, or even
threaten to do so. If that should occur, the
___________________________ process terminates and both
lawyers are disqualified from any further involvement
in the case.
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CDFA Exam Study Materials EXAM 2025/2026
COMPLETE EXAM QUESTIONS AND ACCURATE
ANSWERS |ALREADY PASSED!!
Save
Terms in this set (266)
An employee who has at least five years of service
5-year cliff vesting must have a non-forfeitable right to 100% of the
employee's accrued benefit [IRC §411(a)(2)(A)].
An employee who has completed at least three years
of service must have a non-forfeitable right to at least
the following percentages of his or her accrued
3- to 7-year vesting (7-
benefit: 20% after three years of service, 40% after
year graded vesting)
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 3-year cliff vesting or 6-year graded vesting.
matching contributions
typically use _________
vesting
Schedule ____ may help identify unlisted assets or
sources of income. For example, property taxes may
Schedule A: Itemized
reveal real property or a boat that one spouse does
Deductions
not know exists; and gambling losses would reveal
that there are gambling winnings.
Schedule B: Interest and Schedule ____ identifies the assets and investments
Ordinary Dividends generating interest and dividends.
https://quizlet.com/1063483679/cdfa-exam-study-materials-exam-20252026-complete-exam-questions-and-accurate-answers-already-passed-flash-c… 1/42
,8/2/25, 7:08 AM CDFA Exam Study Materials EXAM 2025/2026 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!…
Schedule ___ may be a place to hide assets or income.
For example, depreciation expense is not a cash
Schedule C: Profit or Loss outflow and should sometimes be added back to net
from Business income to determine actual income. The depreciation
schedule may also reveal additional assets in the
business.
Schedule D: Capital Gains Schedule _______ is used to report gains and losses from
and Losses the sale of stocks, bonds, and real estate.
Schedule _____ is used to report income from rental
Schedule E: Supplemental
properties, royalties, partnerships, and S-corporation
Income and Loss
income. Depreciation would be something to review.
Form 1065 Form _________ is used to report partnership income.
Form 1120 Form __________ is used to report corporate income
Form ___________ is used to report corporate income for
Form 1120S
S corporations.
Schedule ____________________ includes additional income,
Schedule 1: Additional such as capital gains, unemployment compensation,
Income and Adjustments prize or award money, and gambling winnings. It also
to Income includes deductions such as student loan interest,
self-employment tax, and educator expenses.
Schedule _________ details the alternative minimum tax
Schedule 2 Tax (ATM) or an excess advance premium tax credit
repayment.
Schedule _________ is used to claim a nonrefundable
Schedule 3 credit other than the child tax credit or the credit for
Nonrefundable Credits other dependents, such as the foreign tax credit,
education credits, or general business credit.
Schedule ___________ reports other taxes, such as self-
employment tax, household employment taxes,
Schedule 4 Other Taxes
additional tax on IRAs or other qualified retirement
plans and tax-favored accounts.
https://quizlet.com/1063483679/cdfa-exam-study-materials-exam-20252026-complete-exam-questions-and-accurate-answers-already-passed-flash-c… 2/42
,8/2/25, 7:08 AM CDFA Exam Study Materials EXAM 2025/2026 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!…
Schedule 5: Other Schedule _________ is used to claim a refundable credit
Payments and Refundable other than the earned income credit, American
Credits opportunity credit, or additional child tax credit.
Form _________ reports deductions for depreciation and
amortization as well as provides information on the
Form 4562
business/investment use of automobiles and other
listed property.
Form ___________ reports the sale or exchange of
Form 4797 business property and the computation of recapture
amounts under sections 179 and 280F(b)(2).
An __________________ is a person who is qualified to keep,
audit, and inspect the financial records of individuals
Accountant
or business concerns and prepares financial and tax
reports.
An ___________ is a person whose work is to calculate
Actuary statistically risks, premiums, and life expectancies for
insurance and pension plans.
An ________________ person who is legally qualified and
Attorney licensed to represent a person in a legal matter, such
as a transaction or lawsuit.
A _________________ is an individual who is trained in
Business Valuator
evaluating and assigning a value to a business.
A __________________ is the legal proceeding by which a
marriage is legally terminated. It may be contested
Divorce
(where one party denies the allegation or wants to
keep the marriage in place) or uncontested.
A _______________ is an individual who has been trained to
Mediator assist people in coming to an agreement, especially
one that reconciles differences between disputants.
A ________________________ is an individual who is qualified to
calculate the value of defined benefit pension plans,
Pension Valuator
such as the marital portion of a plan for the division of
assets in a divorce.
https://quizlet.com/1063483679/cdfa-exam-study-materials-exam-20252026-complete-exam-questions-and-accurate-answers-already-passed-flash-c… 3/42
, 8/2/25, 7:08 AM CDFA Exam Study Materials EXAM 2025/2026 COMPLETE EXAM QUESTIONS AND ACCURATE ANSWERS |ALREADY PASSED!…
_________________ is submitting a disputed matter for
decision to a person who is not a judge. The decision
Arbitration
of an arbitrator is usually binding and final. Arbitration
varies greatly from mediation.
_____________________________ is a discretionary legal standard
used by judges when making decisions about custody,
Best Interest of the Child
visitation, and support for a child when the parents
are divorcing.
A ______________________ is a change of judges or
geographical location, requested by a party to the
Change of Venue
action who feels that the change is justified by state
law.
A ____________________________ is a team approach to divorce
in which divorcing couples obtain professional help
from specialists in the legal, financial, and mental
Collaborative Divorce
health fields; when needed, additional professionals
(including child/parenting experts) may be called in
to help the couple settle their case.
_____________________________ is a new dispute resolution
model in which each party retains their own attorney
who has gone through specialized
"___________________________" training. The lawyer's only job is
to help settle the dispute. All parties agree to work
together respectfully, honestly, and in good faith to
Collaborative Law
try to find "win-win" solutions to the legitimate needs
of both parties. No one may go to court, or even
threaten to do so. If that should occur, the
___________________________ process terminates and both
lawyers are disqualified from any further involvement
in the case.
https://quizlet.com/1063483679/cdfa-exam-study-materials-exam-20252026-complete-exam-questions-and-accurate-answers-already-passed-flash-c… 4/42
