AAFM Exam CTEP Topic 5 Question 58 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 58
Topic #: 5

Mr. Nitin wants to know the value of estate (before taxation) as on 1st January 2013.

A$10,363,509

B$10,513,509

C$10,280,000

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Lizette at Jan 12, 2025, 01:31 AM

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1 days ago

Hmm, I'll go with C. $10,280,000 because it's a nice round number. It has to be one of the options, right?

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4 days ago

D. None of the above? Really? How can that be the answer? This question is way too tricky.

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9 days ago

I think the answer is B. $10,513,509 seems like the correct value of the estate before taxation.

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13 days ago

I think the answer is A) $10,363,509.

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