SIE Exam Question 768: Answer and Explanation

Question: 768

To be considered an accredited investor, earned income must exceed __________ (or __________ together with a spouse) in each of the prior two years, and must be reasonably expected to occur for the current year.

• A. $200,000, $300,000
• B. $300,000, $400,000
• C. $400,000, $500,000
• D. $500,000, $600,000

Correct Answer: A

Explanation:

To be considered an accredited investor, earned income must exceed $200,000 (or $300,000 together with a spouse) in each of the prior two years, and must be reasonably expected to occur for the current year.