AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 161 Topic 17 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 161 Topic 17 Discussion

CWM_LEVEL_2 Exam Topic 17 Question 161 Discussion:
Question #: 161
Topic #: 17

Section A (1 Mark)

The legal heir of the deceased who receives family pension is allowed a standard deduction from such family pension received to the extent of:


A.

1/3rd of such pension subject to maximum of Rs. 20,000


B.

1/3rd of such pension or Rs. 15,000 whichever is less


C.

1/3rd of such pension or Rs. 12,000 whichever is less


D.

1/3rd of such pension or Rs. 12,500 whichever is less


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