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AAFM Exam CTEP Topic 6 Question 52 Discussion

Actual exam question for AAFM's Chartered Trust & Estate Planner (CTEP) Certification Examination exam
Question #: 52
Topic #: 6
[All Chartered Trust & Estate Planner (CTEP) Certification Examination Questions]

In US, a separate rate structure applies to capital gains and dividends. Under present law, for 2013, the maximum rate of tax on the adjusted net capital gain of an individual is 20 percent for singles earning over __________and couples earning over _______________.

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Suggested Answer: D

by Kimi at Sep 15, 2024, 10:05 AM

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Nichelle
2 hours ago
Wait, does this mean I have to be a millionaire to qualify for the lower capital gains rate? That's a bit steep, don't you think?
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Paris
7 days ago
Ah, so the maximum rate of tax on the adjusted net capital gain for individuals is 20% for those earning over $400,000 for singles and $450,000 for couples. Seems like Option D is the correct answer here.
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Merilyn
19 days ago
I'm not sure, but I think it's important to know the tax rates for different income levels to plan ahead.
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Artie
22 days ago
I agree with Allene, because the maximum rate of tax on capital gains and dividends is usually higher for higher income earners.
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Allene
26 days ago
I think the answer is C) $500,000; $550,000.
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