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CTEP Exam Dumps - AAFM Certification Questions and Answers

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Questions 4

Mr. Kadam is entitled to a salary of Rs. 25,000 per month. He is given an option by his employer either to take house rent allowance or a rent free accommodation which is owned by the company. The HRA amount payable was Rs. 5,000 per month. The rent for the hired accommodation was Rs. 6,000 per month at New Delhi. Advice Mr. Kadam whether it would be beneficial for him to avail HRA or Rent Free Accommodation. Give your advice on the basis of “Net Take Home Cash benefits”.

Options:

A.

Avail HRA

B.

Rent Free Accomodation

C.

Both are Beneficial

D.

None of the Above

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Questions 5

Which of the following statement(s) about Workmen Compensation Act is/are correct?

Options:

A.

Both (i) and (ii)

B.

Only (i)

C.

Only (ii)

D.

Neither (i) nor (ii)

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Questions 6

In US for year 2013, Qualifying child relief is ___________ per child and Handicapped child relief is _____________ per child.

Options:

A.

$4,000; $8,000

B.

$10,000;$12,000

C.

$1,000; $2,000

D.

$4,000; $5,500

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Questions 7

A Discretionary Family Trust is one of the most common small business structures in _____________. It can operate upto ____________ in the same.

Options:

A.

India, 100 years

B.

Gujarat, 80 years

C.

USA, 100 years

D.

Australia, 80 years

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Exam Code: CTEP
Exam Name: Chartered Trust & Estate Planner (CTEP) Certification Examination
Last Update: Apr 28, 2024
Questions: 472
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