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CWM_LEVEL_2 Exam Dumps : Chartered Wealth Manager (CWM) Certification Level II Examination

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Chartered Wealth Manager (CWM) Certification Level II Examination Questions and Answers

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Question 1

Section C (4 Mark)

As a CWM you are required to calculate the tax liability of an individual whose taxable income is:

• $ 83560 in SGD and he is a Singapore citizen

• £ 73150p.a (only employment) and he is a UK citizen

Options:

A.

£ 6715.80 and 2843.50 SGD

B.

£ 13431.60 and 6906.25 SGD

C.

£ 29260 and 11698.40 SGD

D.

£ 16789.50 and 2310 SGD

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Question 2

Section B (2 Mark)

Akash has only compulsory third party policy for his car. He jumped a red light and collided with another car and then with the boundary wall of a nearby house. Damage to his car was of Rs. 17,000/-, damage to other car was of Rs. 15,000/- and damage to the boundary wall of house was of Rs. 15,000. The insurance policy of Akash will pay:

Options:

A.

Rs. 17,000

B.

Rs. 15,000

C.

Rs. 30,000

D.

Rs. 47,000

Question 3

Section B (2 Mark)

You may need to file your Returns in India under the following circumstances:

Options:

A.

I, II and III

B.

II and III

C.

III and IV

D.

All of the above

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