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Pass L3M3 Test, CIPS L3M3 Exam Study Solutions | L3M3 New Braindumps Pdf - FreeTorrent

L3M3

Exam Code: L3M3

Exam Name: Contract Administration

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1

A. 30 GB
B. 40 GB
C. 60 GB
D. 70 GB
Answer: B
Explanation:
10GB + 500mb per user

NEW QUESTION: 2
Refer to the exhibit.

The network administrator requires easy configuration options and minimal routing protocol traffic. What two options provide adequate routing table information for traffic that passes between the two routers and satisfy the requests of the network administrator? (Choose two)
A. a dynamic routing protocol on InternetRouter to advertise all routes to CentralRouter.
B. a dynamic routing protocol on CentralRouter to advertise all routes to InternetRouter.
C. a dynamic routing protocol on InternetRouter to advertise summarized routes to CentralRouter.
D. a static, default route on CentralRouter that directs traffic to InternetRouter.
E. a dynamic routing protocol on CentralRouter to advertise summarized routes to InternetRouter.
F. a static route on InternetRouter to direct traffic that is destined for 172.16.0.0/16 to CentralRouter.
Answer: D,F

NEW QUESTION: 3
Tex Payor bought shares of the Stocks4U Mutual Fund on February 26th.During the year, the fund sold
some of the stocks in which it was invested, generating long-term capital gain income for the fund. Tex
received a distribution of some of these gains at the end of the year, based on his proportionate
ownership of the fund. Which of the following statements is true regarding the tax consequences of this
distribution to Tex?
A. Tex will have to pay tax on the distribution unless he opts to reinvest the distribution in the fund, in
which case the income will not be taxable.
B. Tex will have to pay tax on the distribution at the tax rate for long-term capital gains, which are currently
taxed preferentially.
C. There are no tax consequences to Tex. Mutual fund investors are taxed only on dividend distributions
and on capital gains realized when they sell shares of a fund that they own. Capital gains earned by the
fund when securities are bought and sold by the fund's manager are taxed to the fund.
D. Tex will have to pay tax on the distribution at his marginal tax rate. Since Tex had not been invested in
the fund for over 12 months when the distribution occurred, it is considered to be short-term capital gain
income for him, which is taxed as ordinary income.
Answer: B
Explanation:
When Tex receives distributions of long-term capital gain income earned by a fund that he
bought on February 26th, he will have to pay tax on the distribution at the tax rate for long-term capital
gains, which are currently taxed preferentially. The amount of time the fund held the securities prior to
selling them determines whether the capital gain distribution will be considered long-term or short-term,
not the amount of time the investor has owned shares of the fund. All distributions-both dividends and
capital gains-are taxable at the shareholder level, not at the fund level.

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