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American Bankers Association CTFA Exam - Topic 11 Question 6 Discussion

___________ 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.
B) Policy-related
A) Procedure-related
C) Standardized- related act
D) None of the above

American Bankers Association CTFA Exam - Topic 11 Question 6 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 6
Topic #: 11
[All CTFA 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: B

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

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Kallie
8 months ago
Sounds fishy, are we sure about this?
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Yolande
9 months ago
Wait, I didn't know MTAR was a thing!
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Vi
9 months ago
Not so sure about that, could be B too.
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Myong
9 months ago
Totally agree, A makes the most sense!
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Queen
9 months ago
I think it's A, procedure-related.
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Earleen
9 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
9 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
9 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
10 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
10 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.
upvoted 0 times
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