American Bankers Association CTFA Exam - Topic 11 Question 6 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 6
Topic #: 11

___________ 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 Geoffrey at May 07, 2022, 02:53 AM

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Kallie

7 months ago

Sounds fishy, are we sure about this?

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Yolande

7 months ago

Wait, I didn't know MTAR was a thing!

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Vi

7 months ago

Not so sure about that, could be B too.

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Myong

7 months ago

Totally agree, A makes the most sense!

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Queen

8 months ago

I think it's A, procedure-related.

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Earleen

8 months 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.

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Bong

8 months 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.

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Ezekiel

8 months 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.

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Adell

8 months 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.

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Leontine

8 months 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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