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Chartered Wealth Manager CWM_LEVEL_2 AAFM Study Notes

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Question 16

Section B (2 Mark)

The basic rate of income tax on non-savings incomein UK for tax year in 2011-12 is:

Options:

A.

20%

B.

10%

C.

40%

D.

50%

Question 17

Section B (2 Mark)

Which of the following Biases are exhibited by Independent Individualist?

Options:

A.

I and II

B.

III and IV

C.

I and III

D.

All of the Above

Question 18

Section B (2 Mark)

The minimum service required for entitlement to payment of gratuity under the Act, in case of an employee leaving service by death or incapacitation is

Options:

A.

2 years

B.

3 years

C.

5 years

D.

No minimum service required

Question 19

Section A (1 Mark)

In US which group is unlikely to support tax limitations?

Options:

A.

People who benefit from government spending

B.

People whose tax burdens are heaviest

C.

People who think government wastes a lot of money

D.

Conservatives and Republicans

Page: 4 / 46
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Exam Code: CWM_LEVEL_2
Exam Name: Chartered Wealth Manager (CWM) Certification Level II Examination
Last Update: Dec 27, 2024
Questions: 1259
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