AAFM Exam GLO_CWM_LVL_1 Topic 6 Question 82 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 82
Topic #: 6

[All GLO_CWM_LVL_1 Questions]

(CII for 1992-1993=223 and CII for 2011-2012 =785)

Calculate the LTCG in both cases?

A12,00,000 and 1,43,946

B10,80,000 and 1,45,850

C11,00,000 and 10,80,000

D10,00,000 and 10,12,946

Show Suggested Answer

Suggested Answer: C

by Audrie at Jun 21, 2024, 10:41 PM

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Mohammad

2 months ago

If the CII went up by that much, I bet the accountants at the tax office are having a field day. Maybe I should become a tax auditor instead of an accountant.

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Carmen

18 days ago

C) 11,00,000 and 10,80,000

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Ngoc

25 days ago

B) 10,80,000 and 1,45,850

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Jesusa

26 days ago

A) 12,00,000 and 1,43,946

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Danica

2 months ago

This question is making my head spin. Is it too late to change my major to basket weaving? D sounds good, I guess.

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Colby

7 days ago

Just pick D and let's move on.

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Heike

8 days ago

D) 10,00,000 and 10,12,946

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Lacresha

10 days ago

C) 11,00,000 and 10,80,000

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Carey

16 days ago

B) 10,80,000 and 1,45,850

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Dannette

18 days ago

A) 12,00,000 and 1,43,946

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Filiberto

2 months ago

Hmm, I'm not convinced any of these answers are right. I think I'll just guess and hope for the best. C, maybe?

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Sherron

2 months ago

Wait, did we really need to calculate the LTCG? I thought this was just a simple math problem. Oh well, I'll go with B just to be safe.

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Charlesetta

3 months ago

I'm pretty sure the answer is A. The CII values given indicate a significant increase, so the LTCG should be higher in the second case.

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Wilda

2 months ago

Yes, the answer is A. The LTCG in the second case is higher due to the higher CII values.

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Wilda

2 months ago

I think you're right, the LTCG should be higher with the increase in CII values.

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Josue

3 months ago

Hmm, I'm not sure. Let's calculate it again.

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Fatima

3 months ago

I believe the LTCG in the second case is 1,45,850.

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Josue

3 months ago

I think the LTCG in the first case is 12,00,000.

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