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SOFE Exam AFE Topic 1 Question 84 Discussion

Actual exam question for SOFE's AFE exam
Question #: 84
Topic #: 1
[All AFE Questions]

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.

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Suggested Answer: C

Contribute your Thoughts:

Arlen
5 days ago
Well, I think the rationale behind A) Procedure-related is that it involves the process of calculating reserves for income tax purposes.
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Jenelle
6 days ago
I disagree, I believe the answer is B) Policy-related.
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Arlen
9 days ago
I think the answer is A) Procedure-related.
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