AAFM GLO_CWM_LVL_1 Exam - Topic 1 Question 52 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 52
Topic #: 1

"During the PY 2009-10 a Poonawala Charitable Trust earned an income of Rs. 7 lakh out of which Rs.5 lakh was received during the PY 2009-10 and the balance Rs. 2 lakh was received during the PY 2011-2012.In order to claim full exemption of Rs. 7 lakh in the PY 2009-10:

ARs 1.05 lakh and Rs 4.95 lakh

BRs 70,000 and Rs 3.95 lakh

CRs 1.05 lakh and Rs 3.95 lakh

DRs 70,000 and Rs 4.30 lakh

Show Suggested Answer

Suggested Answer: C

by Alecia at Oct 24, 2022, 11:21 PM

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Rodolfo

4 months ago

Wait, how can they claim full exemption for income received later?

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Allene

4 months ago

Rs. 5 lakh was received in the same year, right?

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Vallie

5 months ago

Not sure about that, seems off to me.

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Rosalind

5 months ago

I think option C sounds right!

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Josephine

5 months ago

The trust earned Rs. 7 lakh total.

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Kelvin

5 months ago

I’m leaning towards option B, but I’m confused about how the exemption limits apply here. Did we cover that in class?

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Francene

5 months ago

I feel like option C might be the right choice, but I’m not completely confident. The Rs 1.05 lakh part seems familiar.

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Starr

5 months ago

I think we practiced a similar question where we had to split the income based on the year it was received. I just can't recall the exact numbers.

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Wilbert

5 months ago

I remember something about the income being received in different years affecting the exemption. Not sure how that plays into the options though.

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Shoshana

5 months ago

I remember discussing this topic in class, and I believe the key is to focus on the "not required" part of the question. I'll review my notes and the course materials to refresh my memory on the specifics.

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Catina

5 months ago

This looks like a straightforward Azure role assignment question. I think I can handle this one - the key is to identify the correct Azure PowerShell or Azure CLI commands to grant the Contributor role to the developer.

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Mona

5 months ago

I'm not entirely confident about this question. I'll need to carefully read through the options and think about which project names would be appropriate for installing the Cloud Pak for Integration operator.

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Kris

5 months ago

I'm a bit confused on this one. Rootkit, backdoor, and rainbow table don't seem relevant to packet forwarding. I'll have to eliminate those and go with ACL.

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