AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 14 Topic 2 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 14 Topic 2 Discussion

CTEP Exam Topic 2 Question 14 Discussion:
Question #: 14
Topic #: 2

Where a registered grant-making philanthropic organization contravenes any regulation made under subsection (18A), being a regulation prescribed as one to which this subsection applies ,the organization shall be liable to pay to the Comptroller a financial penalty of the higher of _______ and the amount ascertained by the formula: ______ X the total amount of donation to which the contravention relates.


A.

$1000, 0.4


B.

$1000, 0.6


C.

$100, 0.4


D.

$100, 0.6


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