AAFM CTEP Exam - Topic 7 Question 81 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 81
Topic #: 7

[All CTEP Questions]

Which of the following statement(s) about FDAP Income is/are correct?

AOnly (i)

BOnly (ii)

CBoth (i) and (ii)

DNeither (i) or (ii)

Show Suggested Answer

Suggested Answer: C

by Tanja at Jun 19, 2026, 06:04 AM

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Coletta

19 days ago

I'm with Sina. Both statements cover FDAP well.

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Malcolm

24 days ago

I lean towards A. Only the first one makes sense to me.

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Sina

29 days ago

I think it's C. Both statements seem correct.

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Eleonora

1 month ago

I thought FDAP was broader than just those options.

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Carey

1 month ago

Definitely only (ii) is correct, no doubt!

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Kattie

1 month ago

Wait, are we sure about that? Seems a bit off.

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Rosendo

2 months ago

I think both (i) and (ii) are correct!

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Gabriele

2 months ago

FDAP income includes fixed or determinable annual or periodic gains.

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Carlton

2 months ago

I vaguely remember that FDAP income has specific tax implications, but I can't confidently choose between A or B right now.

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Noah

2 months ago

I feel like both statements could be true, but I might be mixing them up with other types of income.

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Jaclyn

2 months ago

I think I practiced a similar question where one statement was correct, but I can't recall if it was (i) or (ii) now.

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Micheal

3 months ago

I remember FDAP income relates to fixed or determinable annual or periodical income, but I'm not sure about the specifics of the statements.

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