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 7 Question 60 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 60
Topic #: 7

[All CTEP Questions]

In US the exemption amount for Alternative Minimum Tax in the case of estate or trust is _________. The same in the case of married individuals filing a joint return and surviving spouses is ______________.

A$80,800; $51,900

B$22,500; $80,800

C$51,900; $22,500

D$40,400; $51,900

Show Suggested Answer

Suggested Answer: B

by Tamesha at Feb 11, 2025, 04:27 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Bettye

22 days ago

This question is like a maze of numbers and tax jargon. I'm just going to go with the one that has the least amount of digits. Fewer numbers, fewer problems!

upvoted 0 times

...

Brande

26 days ago

B) $22,500; $80,800 - I don't know, but at least the numbers sound more reasonable than some of the other options. Taxes, am I right?

upvoted 0 times

Anglea

2 days ago

I think it's option B) $22,500; $80,800.

upvoted 0 times

...

...

Sang

1 months ago

D) $40,400; $51,900 - Hmm, I feel like I'm missing something here. Maybe I should just go with my gut and hope for the best.

upvoted 0 times

Emeline

17 days ago

I'm going with A) $80,800; $51,900.

upvoted 0 times

...

Emeline

22 days ago

I think it's C) $51,900; $22,500.

upvoted 0 times

...

...

Rolande

1 months ago

C) $51,900; $22,500 - Wait, aren't these numbers supposed to be the other way around? Tax stuff always messes with my head.

upvoted 0 times

Candida

18 days ago

User 2

upvoted 0 times

...

Alaine

19 days ago

User 1

upvoted 0 times

...

...

Afton

2 months ago

I'm not sure about the exact amounts, but I think it's important to know for the exam.

upvoted 0 times

...

Marilynn

2 months ago

I believe the exemption amount for married individuals filing a joint return is $51,900.

upvoted 0 times

...

Letha

2 months ago

A) $80,800; $51,900 - Sounds about right, but I'm not too sure about the details. Tax laws can be a real headache sometimes.

upvoted 0 times

Magda

26 days ago

D) $40,400; $51,900 - It's always good to consult a tax professional for accurate information.

upvoted 0 times

...

Renato

29 days ago

C) $51,900; $22,500 - I always double-check the exemption amounts before filing my taxes.

upvoted 0 times

...

Reita

1 months ago

B) $22,500; $80,800 - I think it's important to stay updated on tax laws to avoid any surprises.

upvoted 0 times

...

Portia

1 months ago

A) $80,800; $51,900 - Sounds about right, but I'm not too sure about the details. Tax laws can be a real headache sometimes.

upvoted 0 times

...

Lewis

1 months ago

User 2

upvoted 0 times

...

Luz

2 months ago

User 1

upvoted 0 times

...

...

Cherry

2 months ago

I think the exemption amount for estate or trust is $80,800.

upvoted 0 times

...