AAFM CWM_LEVEL_2 Exam - Topic 4 Question 20 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 20
Topic #: 4

Section C (4 Mark)

Read the senario and answer to the question.

Calculate the tax liability of Mr. Neeraj for the A.Y.08--09 assuming that he has avail full deduction under section 80C

ARs. 496910

BRs. 509500

CRs. 525000

DRs. 485000

Show Suggested Answer

Suggested Answer: A

by Jade at May 04, 2022, 05:03 PM

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Gilma

10 months ago

I calculated it too, and A fits perfectly!

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Portia

11 months ago

Wait, are we sure about these numbers?

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Micaela

11 months ago

I’m leaning towards B, Rs. 509500.

upvoted 0 times

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Heidy

11 months ago

Totally agree, A seems right!

upvoted 0 times

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Audrie

11 months ago

I think the answer is A, Rs. 496910.

upvoted 0 times

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Deangelo

11 months ago

I'm confident I can nail this one. Differential, incremental, and opportunity costs are all important for evaluating short-term decisions. I'll make sure to select those three options.

upvoted 0 times

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The key here is understanding what the "promote" operation does. If it deletes the original source, that would be option A. But if it just takes it offline, that could be option B or D. I'll need to think through the implications of each choice.

upvoted 0 times

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Hester

12 months ago

I feel like I might have seen an example where fields being hidden was an allowed change too. So option E could possibly be one of the selections.

upvoted 0 times

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AAFM CWM_LEVEL_2 Exam - Topic 4 Question 20 Discussion

AAFM CWM_LEVEL_2 Exam - Topic 4 Question 20 Discussion

Contribute your Thoughts:

Gilma

Portia

Micaela

Heidy

Audrie

Deangelo

Alethea

Hester