Which of the Following Items Does Not Result in a Permanent

question 107

Multiple Choice

Which of the following items does not result in a permanent difference?

• A)Accelerated tax depreciation in excess of straight-line book depreciation.
• B)Interest income from a tax-exempt municipal bond.
• C)Dividends received deduction on the income tax return.
• D)Excess tax benefits from the exercise of an NQO.

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Definitions:

Arm Circumference

A measurement around the arm, typically used in medical or fitness contexts to assess nutritional status or muscle mass.

Axillary

Referring to the underarm area.

Oral

Pertaining to the mouth, including aspects related to speech, ingestion, or medication administration.

Rectal

Referring to the rectum.