Free AAFM CTEP Exam Questions
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AAFM CTEP Exam Questions
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Provided By: AAFM
- Exam: Chartered Trust & Estate Planner (CTEP)
- Certification: AAFM Certification
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Total Questions: 475
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Updated On: Mar 26, 2025
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Rated: 4.9 |
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Online Users: 950
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Question 1
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In US for 2013, the amount of the standard deduction is ______ for single individuals and
married individuals filing separate returns
Answer: B
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In US for 2013, the amount of the standard deduction is ______ for single individuals and
married individuals filing separate returns
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Question 2
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As per Section 164(1) a trust for the benefit of an unborn person is liable to income tax at
maximum rate of Income Tax, currently_________.
Answer: A
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As per Section 164(1) a trust for the benefit of an unborn person is liable to income tax at
maximum rate of Income Tax, currently_________.
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Question 3
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The Hire Purchase System is regulated by the Hire Purchase Act ________
Answer: A
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The Hire Purchase System is regulated by the Hire Purchase Act ________
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Question 4
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The current GST in UK is_____________.
Answer: B
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The current GST in UK is_____________.
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Question 5
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The defined period for fraudulent transfers under the Bankruptcy Code was formerly
____________prior to the debtor’s filing for bankruptcy. This period was ____________ by
the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers
to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for
bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud
present or future creditors.
Answer: A
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The defined period for fraudulent transfers under the Bankruptcy Code was formerly
____________prior to the debtor’s filing for bankruptcy. This period was ____________ by
the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers
to self-settled trusts may be recaptured if made within _________ of the debtor’s filing for
bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud
present or future creditors.