General Principles — Certified Financial Planner Practice Questions

87 free Certified Financial Planner questions on General Principles: 39 easy, 27 medium, and 21 hard, every one exam-realistic and fully explained once you sign in. This is the fastest way to turn General Principles from a weakness into a scoring area — drill it in 10-question reps with immediate feedback.

Drill General Principles free with full explanations →

1. What is the maximum amount that can be sheltered by the annual gift tax exclusion if the parents elect gift sp
2. For 2026, which portion of their interest is deductible as an itemized deduction?
3. The Solis family is concerned about 'Bond Convexity.' If interest rates rise by 2%, what will happen to their
4. If interest rates rise by 100 basis points, which of the following best describes the expected change in the p
5. Based on the 2026 Parameter Lock and SECURE 2.0, which statement is correct?
6. The Hartwell household is reviewing a bond portfolio. If int… — Which concept explains this phenomenon?
7. Using the 2026 Parameter Lock, what is the maximum amount she can transfer directly from her IRA to the charit
8. Which of the following is brought back into his gross estate under the 3-year lookback rule (Section 2035)?
9. Ms. Brennan is separating from service and holds employer st… — What is the most significant bottleneck for th
10. The Fenwick family owns a business with 5 equal partners and… — How many total policies are required for this
11. Does Fenwick's 'fee-only' description comply with the Standards of Conduct?
12. An individual in the Calder household receives a gift of sto… — What is the tax consequence of this sale?
13. If the worker dies, what is the maximum monthly survivor benefit the spouse can receive?
14. According to the 2026 mastery framework, to what point should the executive exercise the ISOs to maximize the
15. Because of bond convexity, what is the most likely 'true' price change for the bond?
16. What is her maximum contribution limit?
17. Using gift-splitting, what is the total amount they can transfer to the three children?
18. Quince has 90,000 in a traditional IRA consisting of deducti… — What is the taxable portion of this conversion
19. What is their maximum contribution limit?
20. What is the maximum amount of Okada's wages that will be subject to the OASDI (Social Security) payroll tax?
21. What is the maximum elective deferral Darby can contribute to this plan in 2026, assuming Darby is under age 5
22. What is the maximum 'Annual Additions' limit under Section 415(c) for Fenwick's account in 2026?
23. According to the Investment Advisers Act registration thresholds, which statement accurately describes the fir
24. The Parnell household consists of five equal business partne… — How many total policies are required for this
25. What is the maximum annual amount that can be directed to a qualifying public charity?
26. The Fenwick family is taking out a home-secured loan. Which consumer protection statute requires the disclosur
27. To avoid triggering a taxable lapse of a power of appointment for these beneficiaries, what is the maximum res
28. For the 2026 plan year, what is the 'Highly Compensated Employee' (HCE) compensation threshold used for nondis
29. What is the most significant constraint on the viability of this strategy for Mr. Brennan?
30. If interest rates rise by 1%, which of the following best describes the actual price behavior of the bond?