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AFP Certified Treasury Professional CTP Question # 450 Topic 22 Discussion

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AFP Certified Treasury Professional CTP Question # 450 Topic 22 Discussion

CTP Exam Topic 22 Question 450 Discussion:
Question #: 450
Topic #: 22

An analyst at Davis Company uses the tax payment (TXP) banking convention for payment of state taxes. The analyst is preparing to pay $650,000 in taxes to the state where Davis Company is domiciled. What payment method will the analyst use to make the tax payment?
A.

ACH Credit

B.

Fedwire Credit

C.

Certified Check

D.

Multiple Drawee Check

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Actual exam question for AFP CTP exam by Zephyr4626 at Aug 3, 2025, 12:00:00 AM

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