American Bankers Association Exam CTFA Topic 10 Question 43 Discussion

Actual exam question for American Bankers Association's Certified Trust and Financial Advisor exam

Question #: 43
Topic #: 10

[All Certified Trust and Financial Advisor 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.

AProcedure-related

BPolicy-related

CStandardized- related act

DNone of the above

Show Suggested Answer

Suggested Answer: B

by Matthew at Feb 03, 2023, 06:45 PM

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