AAFM Chartered Trust & Estate Planner (CTEP) Certification Examination Exam Practice Test

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Total 472 questions
Question 1

_____________ is for Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and___________ if for Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding.



Answer : B


Question 2

The threshold amount for tax on Net Investment Income is __________in the case of a joint return or surviving spouse, _________in the case of a married individual filing a separate return.



Answer : A


Question 3

Which of the following statements about Earned Income Tax Credit (ETIC) is are correct?



Answer : C


Question 4

Which of the following statements about Asset Protection trust is/are correct?



Answer : D


Question 5

In US, GST exemption limit for 2013 is _______________ and the Estate and Gift tax for the same year is __________.



Answer : B


Question 6

In case of Discretionary Discounted Gift Trust, the settlor has the right to receive annual capital payments upto ________ of the original capital. The trust is suitable for individuals who have a liability to ______________ and are happy to make substantial gifts.



Answer : D


Question 7

Which of the following statement(s) about Offshore Investment Bond is/are correct?



Answer : A


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Total 472 questions