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Assuming a 40 % MTR for each of the following policyholders, which client would pay the most tax on their respective policy loan? Question 17
Assuming a 40 % MTR for each of the following policyholders, which client would pay the most tax on their respective policy loan? Question 17 options: a) Maria, who took out a policy loan of $ 30,000 on a policy that had an ACB of $ 23,000 and a CSV of $ 35,000 b) Aaron, who took out a policy loan of $ 23,000 on a policy that had an ACB of $ 25,000 and a CSV of $ 30,000 c) Aakash, who took out a policy loan of $ 50,000 on a policy that had an ACB of $ 55,000 and a CSV of $ 65,000 d) Mayank, who took out a policy loan of $ 15,000 on a policy that had an ACB of $ 18,000 and a CSV of $ 21,000
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