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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.

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Suggested Answer: A

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

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Lavera
13 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
15 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
16 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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Linette
17 days ago
Okay, let's think this through step-by-step. What do we know about the estate value and the date in question?
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Shakira
19 days ago
Yeah, I agree. The wording is a bit vague, and there's no mention of any additional context or information we might need to solve this.
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Mozell
20 days ago
Hmm, this question seems a bit tricky. I wonder if they're trying to catch us out with some hidden details or calculations.
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