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AAFM CWM_LEVEL_2 Exam - Topic 4 Question 33 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 33
Topic #: 4
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Calculate the income from house property for Vinay. Municipal rental value 75000, Fair Rental value is 80000, Standard rent is 1,10,000. Municipal taxes paid for full house are Rs. 10,000 during the year. Interest paid by Vinay on borrowed money during the year is Rs. 101070.

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Suggested Answer: C

by Fabiola at May 07, 2022, 02:25 AM

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Earleen
2 months ago
Wait, how does the interest paid affect the income calculation?
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Leandro
2 months ago
Standard rent is way higher at 1,10,000!
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Delsie
2 months ago
I think the fair rental value is more relevant here.
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Cletus
2 months ago
]
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Nikita
3 months ago
}
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Tegan
3 months ago
The municipal rental value is 75000.
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Gerardo
3 months ago
}
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Portia
3 months ago
Rs. --28,970? That can't be right!
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Rosenda
3 months ago
"In similar practice questions I’ve done, these steps often lead to a loss after deductions; not sure how the numbers here will play out, given the values for MV, FR, and SR."
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Aileen
4 months ago
{
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Blondell
4 months ago
},
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Rosenda
4 months ago
"Then deduct 30% of NAV as a standard deduction and the interest on borrowed capital under Section 24."
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Audra
4 months ago
{
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Rodolfo
4 months ago
},
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Rosenda
5 months ago
"Recall: for house property, first find Gross Annual Value, usually the higher of rent received/receivable and municipal value; then NAV = GAV minus municipal taxes."
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Gerald
5 months ago
{
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Darell
5 months ago
[
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Barbra
5 months ago
{
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Annmarie
5 months ago
Based on my understanding, qualitative requirements are more about the "how" and "why" of the user experience, not just the measurable outcomes. I'm leaning towards option B or D.
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Yuette
5 months ago
This seems like a pretty straightforward question about Docker registry extensions. I'm pretty confident I can figure this out.
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Quentin
5 months ago
I'm a bit confused about B and D since they both refer to the Application Server and SQL Management Studio. Which one is actually the right step?
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Anisha
5 months ago
This is a good example of why it's important to be familiar with proper coding practices. Submitting separate charges for parts of a single procedure is a clear case of unbundling, which is a form of fraud. I feel confident in selecting that as the answer.
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