Free Access FINRA.Series-7.v2023-03-10.q140 Practice Test (Page 4)

The maximum contribution an employer may make to a SEP-IRA is:

A.$4,000

B.$5,000

C.25% of employee compensation

D.100% of employee compensation

Which of the following are sources of funding for limited partnerships?

A.proceeds of the offering

B.periodic assessments on the partners

C.installment payments

D.all of the above

In a corporation's financial statements, earned surplus is also recognized as:

A.gross profit

B.net income

C.earnings retained after payment of dividends to shareholders

D.operating income after payment of interest expense

Although a corporation has no earnings in a particular year, it is obligated to pay interest on all its outstanding debt except the following:

A.convertible subordinated debentures

B.collateral trust bonds

C.adjustment bonds

D.equipment trust certificates

What is the loan value on a call option held in a customer's margin account?

A.0

B.50%

C.30%

D.the compliment of the FRB initial margin requirement for listed stocks

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