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AAFM CWM_LEVEL_2 Exam - Topic 7 Question 62 Discussion

Section C (4 Mark)As a CWM you are required to calculate the tax liability of an individual whose taxable income is:* $42000 in SGD and he is a Singapore citizen* 35500 p.a (only employment)and he is a UK citizen
D) 7100 and 2310 SGD
A) 7100 and 5880 SGD
B) 14200 and 3570 SGD
C) 17750 and 2310 SGD

AAFM CWM_LEVEL_2 Exam - Topic 7 Question 62 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 62
Topic #: 7
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

As a CWM you are required to calculate the tax liability of an individual whose taxable income is:

* $42000 in SGD and he is a Singapore citizen

* 35500 p.a (only employment)and he is a UK citizen

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Suggested Answer: D

by Haydee at Jul 26, 2023, 06:47 AM

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Linsey
7 months ago
I thought the UK tax would be more than that, though.
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Stephaine
7 months ago
Definitely leaning towards option A for Singapore!
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Huey
7 months ago
Wait, are we sure about the UK citizen's tax? Sounds off.
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Winfred
7 months ago
I think the UK tax is higher for that income level.
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Dottie
8 months ago
Singapore tax rate is pretty low, right?
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Van
8 months ago
I feel like I should know the UK tax rules better; I just can't remember if it's 2310 or something else for that income level.
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Gregoria
8 months ago
I practiced a similar question last week, and I think the Singapore tax liability is around 7100 SGD, but I might be mixing up the rates.
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Carey
8 months ago
I think the UK citizen's tax might be lower due to the personal allowance, but I can't recall the exact figures.
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Billy
8 months ago
I remember that Singapore has a progressive tax system, but I'm not sure about the exact rates for those income levels.
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Evette
8 months ago
SLAs seem like the most likely answer here. That's where the cloud customer specifies the minimum performance standards the provider has to meet, right?
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Evelynn
8 months ago
Okay, let me think this through. The company is spread across multiple cities, so that points to a WAN. But the use of routers to connect the subnetworks is also a characteristic of LANs. I'll have to weigh the evidence carefully.
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Joni
8 months ago
Okay, let me think this through. The key requirements are displaying account information and launching guided processes. FlexCards and Flyouts seem like a good fit for that. I'm not as familiar with OmniStudio Actions, but based on the description, that could be a useful tool as well. I'll go with those three.
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Tonette
9 months ago
I think it's all of the above since each part helps to create a comprehensive analysis, but I'm a bit confused about the specifics for each option.
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Samuel
1 year ago
Ah, the joys of international tax law. This is like a puzzle with a million pieces, but I'm up for the challenge. Time to put on my calculator hat and crunch some numbers!
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Lashawna
1 year ago
C) 17750 and 2310 SGD
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Alaine
1 year ago
B) 14200 and 3570 SGD
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Maile
1 year ago
A) 7100 and 5880 SGD
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Carey
1 year ago
Ooh, this is a good one! I bet the answer is going to be a real head-scratcher. Maybe I should just close my eyes and pick randomly. Though that might land me in tax trouble, yikes!
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Gianna
1 year ago
C) 17750 and 2310 SGD
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Jose
1 year ago
B) 14200 and 3570 SGD
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Nana
1 year ago
A) 7100 and 5880 SGD
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Alayna
1 year ago
Alright, time to put my CWM skills to the test. Let's see, Singapore citizen, UK citizen... Gotta be careful not to mix up those tax rates. I'm feeling lucky, let's go with C!
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Dominque
1 year ago
Great choice, let's see if we got it right!
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Rebecka
1 year ago
I agree with you, let's go with option D
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Kindra
1 year ago
I believe the tax liability for the UK citizen is 2310 SGD
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Edmond
1 year ago
I think the tax liability for the Singapore citizen is 7100 SGD
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Dianne
1 year ago
Great choice, let's see if we got it right!
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Shawnda
1 year ago
I agree with you, let's go with option D
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Lemuel
1 year ago
I believe the tax liability for the UK citizen is 2310 SGD
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Ashanti
1 year ago
I think the tax liability for the Singapore citizen is 7100 SGD
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Noel
1 year ago
Hmm, this seems like a tricky one. I better double-check my tax calculations before selecting an answer. I don't want to end up with a huge tax bill like the national debt!
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Shawnda
1 year ago
D) 7100 and 2310 SGD
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Jody
1 year ago
A) 7100 and 5880 SGD
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Annice
1 year ago
I'm not sure, but I think the answer might be C) 17750 and 2310 SGD. Can someone explain their reasoning?
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Solange
1 year ago
Okay, let's see... Taxable income for a Singapore citizen is $42,000 SGD, and for a UK citizen it's £35,500 p.a. That's a lot of numbers to keep track of! I hope the right answer is an option that makes sense.
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Pamella
1 year ago
C) 17750 and 2310 SGD
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Ira
1 year ago
I think it's option D for the Singapore citizen and option A for the UK citizen.
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Cherry
1 year ago
D) 7100 and 2310 SGD
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Geraldine
1 year ago
A) 7100 and 5880 SGD
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Filiberto
1 year ago
I agree with Melita, because the tax liability for Singapore citizens is higher than for UK citizens.
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Melita
1 year ago
I think the answer is A) 7100 and 5880 SGD.
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