AAFM Exam CTEP Topic 2 Question 37 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 37
Topic #: 2

[All CTEP Questions]

Mr. Nitin wants to know the value of estate (before taxation) as on 1st January 2013.

A$10,363,509

B$10,513,509

C$10,280,000

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Jovita at Apr 10, 2024, 11:26 AM

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Sherell

6 months ago

I'm not sure, but I think D) None of the above is a safe option.

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Cecil

6 months ago

I'm leaning towards C) $10,280,000 because of recent market trends.

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Latia

6 months ago

I disagree, I believe it's A) $10,363,509.

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Tamar

6 months ago

I think it's B) $10,513,509.

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Felton

6 months ago

I checked the records and that's the most recent value I found.

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Beckie

6 months ago

But why do you think it's $10,280,000, Felton?

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Felton

7 months ago

I disagree, I believe the value is $10,280,000.

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Myrtie

7 months ago

I agree with Beckie, I also think it's $10,363,509.

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Beckie

7 months ago

I think the value of the estate is $10,363,509.

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Lavera

8 months ago

I don't know, that just seems a bit high to me. I'm more inclined to go with option C, $10,280,000. It's a nice round number that doesn't raise any red flags.

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Herschel

8 months ago

Hmm, I'm leaning towards option B. $10,513,509 seems like a more reasonable value for an estate, don't you think?

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Tresa

8 months ago

Well, the question states that it's the value of the estate before taxation as of January 1, 2013. So we need to find the correct value for that specific date.

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