Designate by an a If the Item Would Be an Addition

question 22

Short Answer

Designate by an A if the item would be an addition to book income in determining taxable income; designate by an S if the item would be a subtraction from book income in determining taxable income.
-Insurance premium on key-person life insurance.
b. Tax-exempt bond interest income
c. Tax depreciation in excess of book depreciation
d. Fines and bribes
e. Nondeductible portion of meals and entertainment
f. Federal income tax
g. Carryover of a charitable contribution from a prior year
h. Increase in cash value of key-person life insurance
i. Bad debt expense in excess of the addition to bad debt reserves
j. Excess of book depreciation over tax depreciation
k. Expenses related to tax-exempt income
l. Excess capital losses over capital gains

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Definitions:

Sulfur

A yellow, nonmetallic element that exhibits a characteristic smell and plays a vital role in the chemical industry.

Antimony

A brittle, lustrous gray metalloid used in alloys, flame retardants, and electronics, represented by the symbol Sb and atomic number 51.

Silicon

A chemical element with symbol Si and atomic number 14, known for its semiconductor properties in electronics.

Metals

Elements that are typically hard, shiny, malleable, fusible, and ductile, with good electrical and thermal conductivity.