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Which of the following is an example of a second order of relief?
Permanent Tax Difference
A discrepancy between taxable income and accounting income that will not reverse over time, affecting the tax and financial statements differently.
Taxable Income
The amount of income used to determine how much tax an individual or a company owes to the government in a given tax year.
Adjusted Pre-tax Book Income
Income calculated by making certain adjustments to the pre-tax income reported in the financial statements, often for tax or analytical purposes.
Uncertain Tax Positions
Tax positions taken in a filed tax return that may be challenged by the taxation authorities and which may have to be adjusted in the future.
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