American Bankers Association Exam CTFA Topic 6 Question 57 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 57
Topic #: 6

___________ reserves for income tax purposes are referred to as maximum tax actuarial reserves (MTAR) and replace the actuarial liabilities used for accounting purposes in computing taxable income.

AProcedure-related

BPolicy-related

CStandardized- related act

DNone of the above

Show Suggested Answer

Suggested Answer: B

by Sylvie at Dec 27, 2023, 04:25 AM

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