A Permanent Difference Between Book Income and Taxable Income Affects

question 38

True/False

A permanent difference between book income and taxable income affects only one taxable year.

---

Definitions:

Personality Traits

Personality traits are enduring characteristics that describe an individual's behavior, attitude, and emotional patterns.

Chronic Major Depressive Disorder

A long-term mental health condition characterized by persistent feelings of sadness, hopelessness, and loss of interest in daily activities.

African-Americans

A racial or ethnic group in the United States with ancestry from any of the black populations of Africa.

Caribbean Blacks

People of African descent who are from the Caribbean region, encompassing a diverse range of cultures and identities.