Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

AAFM CWM_LEVEL_2 Exam - Topic 4 Question 33 Discussion

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.
C) Rs. --28,970
A) Rs. 108000
B) Rs. 96,000
D) Rs. --32,470

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.

Show Suggested Answer Hide Answer
Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CWM_LEVEL_2 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Earleen
8 months ago
Wait, how does the interest paid affect the income calculation?
upvoted 0 times
...
Leandro
8 months ago
Standard rent is way higher at 1,10,000!
upvoted 0 times
...
Delsie
8 months ago
I think the fair rental value is more relevant here.
upvoted 0 times
...
Cletus
8 months ago
]
upvoted 0 times
...
Nikita
9 months ago
}
upvoted 0 times
...
Tegan
9 months ago
The municipal rental value is 75000.
upvoted 0 times
...
Gerardo
9 months ago
}
upvoted 0 times
...
Portia
9 months ago
Rs. --28,970? That can't be right!
upvoted 0 times
...
Rosenda
10 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."
upvoted 0 times
...
Aileen
10 months ago
{
upvoted 0 times
...
Blondell
10 months ago
},
upvoted 0 times
...
Rosenda
10 months ago
"Then deduct 30% of NAV as a standard deduction and the interest on borrowed capital under Section 24."
upvoted 0 times
...
Audra
10 months ago
{
upvoted 0 times
...
Rodolfo
10 months ago
},
upvoted 0 times
...
Rosenda
11 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."
upvoted 0 times
...
Gerald
11 months ago
{
upvoted 0 times
...
Darell
11 months ago
[
upvoted 0 times
...
Barbra
11 months ago
{
upvoted 0 times
...
Annmarie
11 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.
upvoted 0 times
...
Yuette
11 months ago
This seems like a pretty straightforward question about Docker registry extensions. I'm pretty confident I can figure this out.
upvoted 0 times
...
Quentin
11 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?
upvoted 0 times
...
Anisha
12 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.
upvoted 0 times
...

Save Cancel