SIE (Securities Industry Essentials) Practice Exam

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What is the maximum amount Tony can contribute to a mayoral candidate in both the primary and general election combined?

$500
$1,000
$250
No limit

The correct answer is: $500

Tony can contribute a maximum of $500 to a mayoral candidate in both the primary and general election combined. This is the legal limit set by the Federal Election Campaign Act (FECA) and applies to both individual and political action committee (PAC) contributions. Option B, $1,000, is incorrect as this is the maximum contribution limit for individuals to a candidate's authorized committee in a primary election only. Option C, $250, is also incorrect as this is the maximum contribution limit for individuals to a candidate's authorized committee in a general election only. Option D, no limit, is incorrect as there is a specific legal limit set in place to prevent excessive contributions and maintain fair and transparent elections.