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Continuing Education Credit — July 2020

As a subscriber to, you can earn up to 12 hours of CE credit from the CFP Board and the Investments & Wealth Institute.

Please read the articles and answer the questions below. To find the related article, click on the hyperlinked title of the story – both online-only articles as well as stories published in the magazine.

You must answer 8 of the 10 questions correctly to qualify for CE credit.

Financial Planning does not provide a certificate of completion or send a confirmation email. Please take a screenshot of the confirmation from the results page for your records. Financial Planning reports results to the CFP Board weekly. The board may take an additional two weeks to post results.

If you need assistance, please contact Arizent customer service at
1. Which of the following is the 2020 AGI limit on cash contributions to charities, according to Section 2205 of the CARES Act? *This question is required.
2. If total charitable contributions exceed the limit for 2020, the excess can be carried forward for how many years? *This question is required.
3. The qualified sick leave wages credit, per the Families First Coronavirus Response Act, is limited to how much per day for employees who are on sick leave because of their own health status? *This question is required.
4. The Employee Retention Credit, established by the CARES Act, limits the maximum tax credit given to businesses per employee to how much, for wages paid between March 13 and Dec. 31, 2020?
1. $5,000 *This question is required.
5. Which of these is considered “Level 1” importance when it comes to valuation methodologies for fair valuing of assets, per the Financial Accounting Standard Board? *This question is required.
6. For a small business to qualify for an EIDL loan related to the COVID-19 pandemic, they must have been in operation by which of the below dates? *This question is required.
7. The CARES Act allows for small businesses to defer 50% of their payroll taxes through the end of 2021. Up until which date can they defer the second half? *This question is required.
8. Per the CARES Act, a client may withdraw up to $100,000 from IRA or company plans penalty-free (but not tax-free) in 2020. How many years do they have to spread out that income, and repay the funds to eliminate a tax bill?
1. Three years *This question is required.
9. The CARES Act doubled the maximum retirement plan loan to $100,000. However, the loan must be taken out by which date to qualify? *This question is required.
10. Over the past 10 years, the 20 best-performing mutual funds and ETFs with holdings supporting an ESG strategy
 had what average percentage gain, according to Morningstar Direct? *This question is required.
This question requires a valid email address.