New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AAFM CTEP Exam - Topic 4 Question 39 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 39
Topic #: 4
[All CTEP Questions]

US citizens or permanent resident who has established a foreign tax home and has met certain qualifications can elect to exclude annual foreign earned income up to _________from taxable income in 2013.

Show Suggested Answer Hide Answer
Suggested Answer: B

by Janae at May 01, 2024, 05:46 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Lashonda
3 months ago
I agree, $95,000 sounds right!
upvoted 0 times
...
Minna
4 months ago
I thought it was $97,600... can anyone confirm?
upvoted 0 times
...
Marsha
4 months ago
Wait, are you sure? I thought it was higher.
upvoted 0 times
...
Melvin
4 months ago
Definitely A, I remember that limit.
upvoted 0 times
...
Toshia
4 months ago
It's $95,000 for 2013!
upvoted 0 times
...
Elly
5 months ago
I’m torn between $95,000 and $98,600. I should have reviewed those numbers more closely!
upvoted 0 times
...
Donte
5 months ago
I feel like I saw $98,600 in one of the practice tests, but I could be mixing it up with another year.
upvoted 0 times
...
Bulah
5 months ago
I remember practicing a question like this, and I think it was $97,600 for 2013.
upvoted 0 times
...
Jennifer
5 months ago
I think the exclusion amount was around $95,000, but I’m not completely sure.
upvoted 0 times
...
Esteban
5 months ago
Hmm, I'm not entirely sure about this. I'll need to review my notes on foreign tax rules to refresh my memory before committing to an answer.
upvoted 0 times
...
Cristy
5 months ago
This seems straightforward. The exclusion limit is updated annually, and in 2013 it was $97,600, so the correct answer is B.
upvoted 0 times
...
Marguerita
5 months ago
I'm a bit confused on the specifics of this exclusion. Let me double-check the IRS guidelines to make sure I understand the requirements and limits before selecting an answer.
upvoted 0 times
...
Deangelo
5 months ago
Okay, I think I know this one. The foreign earned income exclusion limit was increased to $97,600 for 2013, so the answer should be B.
upvoted 0 times
...
Portia
5 months ago
Hmm, this looks like a tricky tax question. I'll need to carefully review the details on foreign earned income exclusions to determine the correct answer.
upvoted 0 times
...
Dannette
5 months ago
Okay, let's see. The checkbox is grayed out, so that means there's some kind of dependency or prerequisite that's not being met. I'll have to analyze the options closely.
upvoted 0 times
...
Colette
5 months ago
Okay, I think I've got a plan. First, I'll create an access group for the Accounts Payable and General Ledger teams. Then I'll configure the financial period close workspace tasks to only allow those teams to access it. That should do the trick!
upvoted 0 times
...
Christiane
5 months ago
Okay, let me think this through. The pre-conditions and expected result are definitely key for an effective test case. I'm not sure about the other choices, but I'll make my best guess.
upvoted 0 times
...
Adell
10 months ago
Ah, the joys of tax law. At least the options are easy to remember - A, B, C, or D. No trick questions here!
upvoted 0 times
Bambi
8 months ago
C) $98,000
upvoted 0 times
...
Jovita
9 months ago
B) $97,600
upvoted 0 times
...
Sanjuana
9 months ago
A) $95,000
upvoted 0 times
...
...
Rebbecca
10 months ago
This question is a real brain-teaser. I'm going to have to consult my magic 8-ball on this one.
upvoted 0 times
Magda
9 months ago
I believe it's D) $98,600.
upvoted 0 times
...
Gerald
9 months ago
I'm not sure, maybe it's C) $98,000?
upvoted 0 times
...
Ligia
9 months ago
I think the answer is B) $97,600.
upvoted 0 times
...
...
Jesusa
11 months ago
$95,000? That's a bit low, don't you think? I'm leaning towards C) $98,000.
upvoted 0 times
Kati
9 months ago
I'm going with C) $98,000 as well. It seems like a reasonable choice.
upvoted 0 times
...
Ahmad
10 months ago
I believe it's D) $98,600. That seems like the right amount to exclude.
upvoted 0 times
...
Brynn
10 months ago
I'm not sure, but I think it's either B) $97,600 or C) $98,000.
upvoted 0 times
...
Carlota
10 months ago
I agree, $95,000 does seem low. I think C) $98,000 is a better choice.
upvoted 0 times
...
...
Latosha
11 months ago
Hmm, I thought it was $98,600 for 2013. I better double-check my tax code.
upvoted 0 times
...
Oneida
11 months ago
Ah, the elusive foreign tax home exclusion. This is a tricky one, but I'm pretty sure the answer is B) $97,600.
upvoted 0 times
Tanja
10 months ago
I remember studying this, and I agree with you, it's B) $97,600.
upvoted 0 times
...
Catina
10 months ago
I think you're right, it's B) $97,600.
upvoted 0 times
...
...
Tran
11 months ago
I'm not sure, but I think it might be C) $98,000. It's a close call.
upvoted 0 times
...
Dong
11 months ago
I agree with Mi, because that amount seems reasonable for exclusion.
upvoted 0 times
...
Mi
11 months ago
I think the answer is B) $97,600.
upvoted 0 times
...

Save Cancel