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

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.

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

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

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

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.

Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).

In case of __________ trust there is no Inheritance Tax if the settlor survives for _________ years.