AAFM Exam CTEP Topic 1 Question 47 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 47
Topic #: 1

[All CTEP Questions]

Which of the following income comes under ''FDAP Income''?

ABoth (i) and (ii)

BAll except (iv)

CAll except (iii)

DAll of the above

Show Suggested Answer

Suggested Answer: D

by Eugene at Aug 07, 2024, 06:14 AM

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Rebeca

4 months ago

Wait, wait, wait... is this a trick question? I feel like I need to put on my detective hat and solve this mystery. Time to channel my inner Sherlock Holmes!

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Gussie

3 months ago

No, I believe it's A) Both (i) and (ii).

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Gussie

3 months ago

I think it's D) All of the above.

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Kristofer

4 months ago

I believe the answer is D) All of the above, as all options seem to be types of FDAP income.

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Vincenza

4 months ago

Ooh, this one's tricky. I'm gonna go with B) All except (iv). I mean, who doesn't love a good ol' process of elimination, am I right?

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Craig

4 months ago

I agree with Wynell, because FDAP income includes interest, dividends, rents, and royalties.

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Paz

4 months ago

Hmm, let's see... FDAP income, huh? I'm guessing it's got something to do with those pesky foreign dividends, interest, and other passive income. Gotta love the tax lingo, right?

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