lcai

Honestly there is no quick fix. Gotta put the time to memorize. To keep it simple though there is 3 main sections


1) Know the calculations for normal situation, tax deferred and tax deferred with different cost base and tax exempt

2) Know the 3 ways to calculate taxes (credit, exemption, deduction)

3) Know the difference between Tax Free Gift, a Beqest the donor pays and bequest the recipiant pays

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