Which of the Following Statements About the Domestic Production Activities

question 88

Multiple Choice

Which of the following statements about the domestic production activities deduction is false?

• A)This deduction is a tax preference.
• B)This deduction is intended to help U.S.businesses compete in the global marketplace.
• C)This deduction improves the measurement of taxable business income.
• D)This deduction creates a permanent difference between book income and taxable income.

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Definitions:

Acetonitrile

A colorless, volatile liquid used as a solvent in organic synthesis and in the pharmaceutical industry.

Lone Pairs

Pairs of valence electrons that are not shared with another atom and do not participate in bonding, but significantly influence the shape and properties of molecules.

Lewis Structures

Diagrams that represent the bonding between atoms of a molecule and the lone pairs of electrons that may exist in the molecule.

Molecular Formula

A notation that uses chemical symbols and numerical subscripts to represent the types and quantities of atoms in a molecule.