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AAFM Exam CTEP Topic 4 Question 35 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 35
Topic #: 4
[All CTEP Questions]

Wealth Tax is charged at _________ the amount by which the net amount exceeds Rs. ____________________

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Suggested Answer: A

by Jesusita at Mar 05, 2024, 06:12 PM

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Kallie
1 months ago
Ugh, this question is making my head spin. Maybe I should just ask the proctor if they accept 'guessing' as a valid answer strategy.
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Rosann
1 months ago
Alright, let's think this through. It's either 1% or 2%, and the threshold is either 10 Lakhs, 15 Lakhs, or 25 Lakhs. Eeny, meeny, miny, moe, I choose option B!
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Cordelia
7 days ago
I agree, option B seems to be the correct choice
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Lindsey
22 days ago
I think it's 1%; 25 Lakhs
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Andra
2 months ago
Haha, good thing I didn't study this topic the night before the exam. Wealth tax? More like 'stealth tax', am I right? Anyway, I'm going with option C.
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Selene
5 days ago
I agree with you, option C seems like the right choice.
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Stephane
18 days ago
I'm not sure, but I think it's option D, 15 Lakhs.
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Roosevelt
27 days ago
I think I'll go with option A, 15 Lakhs.
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Genevive
2 months ago
Wait, wasn't it 1% on the amount exceeding 25 Lakhs? I could've sworn that was the right answer. Hmm, maybe I should double-check my notes.
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Louis
20 days ago
Matt: Oh, I must have been mistaken. Thanks for clarifying!
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Matt
21 days ago
User 2: No, it's actually 2% on the amount exceeding 15 Lakhs.
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Verdell
22 days ago
User 1: I think it's 1% on the amount exceeding 25 Lakhs.
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Lashawnda
2 months ago
I'm pretty sure it's 2% on the amount exceeding 15 Lakhs, so I'll go with option D.
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Janna
1 months ago
I agree with you, I'll go with option B as well.
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Julio
2 months ago
I think it's 1% on the amount exceeding 25 Lakhs, so I'll choose option B.
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Ashleigh
2 months ago
Hmm, I'm not sure now. Maybe we should double check the tax regulations before the exam.
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Ressie
3 months ago
I disagree, I believe it is charged at 2% if the net amount exceeds Rs. 15 Lakhs.
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Ashleigh
3 months ago
I think the Wealth Tax is charged at 1% if the net amount exceeds Rs. 25 Lakhs.
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