Which of the Following Items Does Not Result in a Permanent

question 88

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) Dividend received deduction on the income tax return.
• D) Excess tax benefits from the exercise of an NQO.