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AAFM Exam CTEP Topic 5 Question 62 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 62
Topic #: 5
[All CTEP Questions]

Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).

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Suggested Answer: A

by Shaunna at Mar 22, 2025, 08:45 PM

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Bulah
9 days ago
Is it just me, or does this whole 'inheritance tax' thing sound like a scam to get more money out of people? C seems the least painful.
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Fairy
12 days ago
Wait, they're charging interest? I thought this was a freebie! Oh well, B it is.
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Tammara
15 days ago
I think the answer is D) Three months, 3% p.a. because a shorter period to pay should have a lower interest rate to be fair.
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Sommer
16 days ago
I'm not sure, but I think it's C) Six months, 6% p.a. because the longer period might come with a higher interest rate.
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Ona
17 days ago
I agree with Carissa, it makes sense to have a longer period to pay and a lower interest rate.
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Levi
22 days ago
Three months and 3% interest? Sounds like a sweet deal! D is the way to go, my friend.
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Lashawna
27 days ago
Hmm, six months or three months... I wonder if the taxman has a really good late payment plan. C looks good to me!
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Jamey
2 days ago
User 3: Yeah, I agree. Let's go with C.
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Lili
4 days ago
User 2: I'm not sure, but C sounds good to me too.
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Ligia
7 days ago
User 1: I think it's six months, 3% p.a.
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Rutha
29 days ago
Whoa, 6% interest? That's highway robbery! I'm going with D to save my client some cash.
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Anabel
2 days ago
User 2: I think D is the best option to save money.
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Linwood
3 days ago
User 1: I agree, 6% interest is way too high.
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Carissa
1 months ago
I think the answer is A) Six months, 3% p.a.
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Shantell
1 months ago
Six months? That's way too long! The government needs that money pronto. I'll go with B.
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Mollie
18 days ago
Yeah, I'll go with B as well. It's important to pay taxes on time to avoid any additional charges.
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Roslyn
20 days ago
I think so too. Three months seems like a more appropriate timeframe for paying taxes.
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Gregg
21 days ago
I agree, six months does seem like a long time. I think B sounds more reasonable.
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