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 Exam CTEP Topic 4 Question 54 Discussion

Actual exam question for AAFM's CTEP exam
Question #: 54
Topic #: 4
[All CTEP Questions]

In US, GST exemption limit for 2013 is _______________ and the Estate and Gift tax for the same year is __________.

Show Suggested Answer Hide Answer
Suggested Answer: B

by Mattie at Sep 18, 2024, 01:56 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel
Chuck
4 months ago
Hmm, I'm not sure. I heard some people say it's Nil for Estate Tax and 35% for Gift tax only.
upvoted 0 times
...
Anjelica
4 months ago
I believe it's actually $5,250,000 for the exemption limit and 40% for the tax rate.
upvoted 0 times
...
Bernardine
4 months ago
Wait, so there's no Estate Tax but there's a Gift Tax? That's just confusing. I'm going to have to go with option C, even if it's just a wild guess.
upvoted 0 times
...
Miriam
4 months ago
Wow, this question is straight out of a tax law textbook. I'm going to go with option D since it seems the most specific.
upvoted 0 times
...
Verona
4 months ago
Haha, I can't believe they're asking about the GST exemption limit. Who even knows that off the top of their head? Option A sounds good to me.
upvoted 0 times
Rosio
3 months ago
Great, let's go with A) $5,000,000 ; 35% then.
upvoted 0 times
...
Huey
3 months ago
I agree, A) $5,000,000 ; 35% seems like the correct answer.
upvoted 0 times
...
Karina
3 months ago
Yeah, that sounds right to me.
upvoted 0 times
...
Lashawnda
4 months ago
I think it's A) $5,000,000 ; 35%
upvoted 0 times
...
...
Chuck
4 months ago
I think the GST exemption limit for 2013 is $5,000,000 and the Estate and Gift tax is 35%.
upvoted 0 times
...
Marge
4 months ago
I think option B is the correct answer. The GST exemption limit for 2013 is $5,250,000 and the Estate and Gift tax is 40%.
upvoted 0 times
Brandon
4 months ago
User 2
upvoted 0 times
...
Brent
4 months ago
User 1
upvoted 0 times
...
...

Save Cancel