AAFM Exam CTEP Topic 5 Question 58 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 58
Topic #: 5

[All CTEP Questions]

Find out the taxable value of perquisite from the following particulars in case of an employee to whom the following assets held by the company were sold on 1.8.2012.

The assets were put to use by the company from the day they were purchased.

ARs. 82,170

BRs. 92,850

CRs. 48,800

DRs. 53,000

Show Suggested Answer

Suggested Answer: A

by Lizette at Jan 12, 2025, 01:31 AM

Limited Time Offer

25%

Off

Get Premium CTEP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jamie

2 days ago

I bet the person who wrote this question is an evil genius, trying to trick us with all these numbers. I'm going with option C just to be safe.

upvoted 0 times

...

Twana

7 days ago

Looks like we need to do some calculations to figure this one out. Better get my calculator ready!

upvoted 0 times

...

Erinn

12 days ago

I agree with Fabiola, I also think it is Rs. 92,850 based on the information provided.

upvoted 0 times

...

Kallie

13 days ago

Hmm, I'm not an accountant, but I think option B looks like the right answer. Selling those company assets to the employee seems like a pretty sweet perk!

upvoted 0 times

...

Fabiola

13 days ago

I disagree, I believe it is Rs. 92,850 because the assets were put to use by the company.

upvoted 0 times

...

Mable

16 days ago

I think the taxable value of perquisite is Rs. 82,170.

upvoted 0 times

...