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AAFM CWM_LEVEL_2 Exam - Topic 4 Question 20 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 20
Topic #: 4
[All CWM_LEVEL_2 Questions]

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

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Suggested Answer: A

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

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Gilma
4 months ago
I calculated it too, and A fits perfectly!
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Portia
5 months ago
Wait, are we sure about these numbers?
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Micaela
5 months ago
I’m leaning towards B, Rs. 509500.
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Heidy
5 months ago
Totally agree, A seems right!
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Audrie
5 months ago
I think the answer is A, Rs. 496910.
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Deangelo
5 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.
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Alethea
5 months ago
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.
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Hester
5 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.
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