Do they still test how to calculate income tax on Exam 6U? The Tax Cut and Job Act of 2017 changed the corporate tax rate and eliminated the corporate AMT, so it probably wasn’t fair to test those topics anymore. Now we have a new way to haze educate candidates.
I remember being given excerpts from the annual statement, having to calculate U/W and investment income, then calculating the regular income tax compared to the AMT. Flipping through the old syllabi, it was from an old Feldblum paper.
It was actually a pretty help exercise to go through, but it was rough to study for.