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American Bankers Association CTFA Exam - Topic 11 Question 6 Discussion

Posted by Geoffrey on May 07, 2022 at 02:53 AM

___________ 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.

Suggested Answer: B

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10 comments · newest first
KA
Kallie 11 months ago
Sounds fishy, are we sure about this?
YO
Yolande 12 months ago
Wait, I didn't know MTAR was a thing!
VI
Vi 12 months ago
Not so sure about that, could be B too.
MY
Myong 12 months ago
Totally agree, A makes the most sense!
QU
Queen 1 year ago
I think it's A, procedure-related.
EA
Earleen 1 year ago
Hmm, I'm a bit unsure about this one. I know we covered risk management in class, but I can't quite remember the specifics on when to assign risk owners. I'll need to think this through step-by-step.
BO
Bong 1 year ago
From what I studied, it definitely seems like it should be four connectors for full functionality, but I could be mixing it up with another topic.
EZ
Ezekiel 1 year ago
Hmm, I'm a bit confused by the multiple VLAN tags. I'll need to make sure I understand how the VPLS services handle frames with different tag configurations.
AD
Adell 1 year ago
I could be wrong, but I thought HKEY_CURRENT_USER handled things like logged-in users, so maybe that means HKEY_LOCAL_MACHINE is more focused on the whole system.
LE
Leontine 1 year ago
Hmm, this is a tricky one. I'm not entirely sure what's typically included in an RFP for an audit. I'll have to think this through carefully.
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