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SOFE Exam AFE Topic 1 Question 84 Discussion

Actual exam question for SOFE's AFE exam

Question #: 84
Topic #: 1

[All AFE 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: C

by Princess at Sep 07, 2024, 11:03 PM

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Tora

29 days ago

This question is as clear as mud. I'm going with D) None of the above and hoping for the best. Maybe I should have studied a bit more instead of watching that squirrel video last night.

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Alyce

1 months ago

Ah, the old 'maximum tax actuarial reserves' trick! I bet the answer is C) Standardized-related act. Gotta love these insurance exam questions.

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Elliot

5 days ago

I think the answer is A) Procedure-related.

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Bok

1 months ago

Hmm, I'm not sure about this one. D) None of the above sounds tempting, but I'll have to think it through a bit more.

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Willetta

16 hours ago

B) Policy-related

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Misty

16 days ago

A) Procedure-related

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Josefa

2 months ago

I'm pretty sure it's B) Policy-related. That makes the most sense to me based on the description.

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Gaston

4 days ago

I don't think any of the options fit, so maybe it's D) None of the above.

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Alonso

9 days ago

I'm not sure, maybe it's C) Standardized-related act?

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Tess

1 months ago

I agree, it seems more like B) Policy-related to me.

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Rochell

1 months ago

I think it's A) Procedure-related.

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Arlen

2 months ago

Well, I think the rationale behind A) Procedure-related is that it involves the process of calculating reserves for income tax purposes.

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Jenelle

2 months ago

I disagree, I believe the answer is B) Policy-related.

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Arlen

2 months ago

I think the answer is A) Procedure-related.

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