Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

AAFM Exam CTEP Topic 5 Question 62 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 62
Topic #: 5

[All CTEP Questions]

Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).

ASix months, 3% p.a.

BThree months, 6% p.a.

CSix months, 6% p.a.

DThree months,3% p.a.

Show Suggested Answer

Suggested Answer: A

by Shaunna at Mar 22, 2025, 08:45 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Levi

2 days ago

Three months and 3% interest? Sounds like a sweet deal! D is the way to go, my friend.

upvoted 0 times

...

Lashawna

6 days ago

Hmm, six months or three months... I wonder if the taxman has a really good late payment plan. C looks good to me!

upvoted 0 times

...

Rutha

8 days ago

Whoa, 6% interest? That's highway robbery! I'm going with D to save my client some cash.

upvoted 0 times

...

Carissa

15 days ago

I think the answer is A) Six months, 3% p.a.

upvoted 0 times

...

Shantell

15 days ago

Six months? That's way too long! The government needs that money pronto. I'll go with B.

upvoted 0 times

Gregg

3 hours ago

I agree, six months does seem like a long time. I think B sounds more reasonable.

upvoted 0 times

...

...