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Exam Code: QSBA2021
Exam Name: Qlik Sense Business Analyst Certification Exam - February 2021 Release (Beta)
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NEW QUESTION: 1
Which of the following is not true about mutual funds and variable annuities?
A. the registered representative must have FINRA registration to solicit either one
B. the payout of each depends on the investment results of the securities owned in the portfolio
C. each is regulated under the Investment Company Act of 1940
D. the holder of each must pay income taxes on the dividends received each year
Explanation: the holder of each must pay income taxes on the dividends received each year. Only the holder of mutual fund shares must pay income tax on annual dividends. This is "not" true of annuity owners. The other choices are true statements.
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