American Bankers Association Exam CRCM Topic 2 Question 73 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 73
Topic #: 2

[All CRCM Questions]

Which account is NOT subject to backup withholding?

AA money market savings account owned by Brenda Wilson

BA time deposit account owned by Bob and Nancy Dawson

CAn IRA owned by Max Jones

DA savings account owned by Karen Hitchings

Show Suggested Answer

Suggested Answer: B

by Twana at Aug 11, 2023, 01:00 AM

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4 days ago

I'm not sure, but I think D) A savings account owned by Karen Hitchings might also be correct.

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6 days ago

I agree with Judy, because IRAs are generally not subject to backup withholding.

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13 days ago

I think the answer is C) An IRA owned by Max Jones.

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