AAFM Exam CTEP Topic 2 Question 37 Discussion

Actual exam question for AAFM's Chartered Trust & Estate Planner (CTEP) Certification Examination exam

Question #: 37
Topic #: 2

[All Chartered Trust & Estate Planner (CTEP) Certification Examination Questions]

Mr. Nitin wants to know the value of estate (before taxation) as on 1st January 2013.

A$10,363,509

B$10,513,509

C$10,280,000

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Jovita at Apr 10, 2024, 11:26 AM

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Beckie

2 days ago

I think the value of the estate is $10,363,509.

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Lavera

24 days ago

I don't know, that just seems a bit high to me. I'm more inclined to go with option C, $10,280,000. It's a nice round number that doesn't raise any red flags.

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Herschel

26 days ago

Hmm, I'm leaning towards option B. $10,513,509 seems like a more reasonable value for an estate, don't you think?

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Tresa

27 days ago

Well, the question states that it's the value of the estate before taxation as of January 1, 2013. So we need to find the correct value for that specific date.

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