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American Bankers Association Exam CTFA Topic 6 Question 57 Discussion
Actual exam question for
American Bankers Association's
Certified Trust and Financial Advisor exam
Question #: 57
Topic #: 6
[All Certified Trust and Financial Advisor Questions]
Topic #: 6
___________ 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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