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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Josefa

5 days 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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Arlen

18 days 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

19 days ago

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

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Arlen

22 days ago

I think the answer is A) Procedure-related.

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