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AAFM GLO_CWM_LVL_1 Exam - Topic 1 Question 52 Discussion

"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:
C) Rs 1.05 lakh and Rs 3.95 lakh
A) Rs 1.05 lakh and Rs 4.95 lakh
B) Rs 70,000 and Rs 3.95 lakh
D) Rs 70,000 and Rs 4.30 lakh

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
[All GLO_CWM_LVL_1 Questions]

"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:

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Suggested Answer: C

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

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Rodolfo
10 months ago
Wait, how can they claim full exemption for income received later?
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Allene
10 months ago
Rs. 5 lakh was received in the same year, right?
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Vallie
11 months ago
Not sure about that, seems off to me.
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Rosalind
11 months ago
I think option C sounds right!
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Josephine
11 months ago
The trust earned Rs. 7 lakh total.
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Kelvin
11 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
11 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
11 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
11 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
11 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
11 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
11 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
12 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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