Which of the Following Items Is Not a Permanent Book/tax

question 33

Multiple Choice

Which of the following items is not a permanent book/tax difference?

• A) Tax-exempt life insurance proceeds.
• B) Non-deductible meals and entertainment expense.
• C) Accrued vacation pay liability not paid within the first 2½ months of the next tax year.
• D) Domestic production activities deduction.

---

Definitions:

Hippocampus

A region of the brain that is associated with memory formation, learning, and spatial navigation.

Myelination

The biological process of forming a myelin sheath around the axons of neurons, which significantly increases the speed at which electrical impulses travel across the nerve cells.

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present.

Glaucoma

A group of eye conditions that can cause damage to the optic nerve, potentially leading to loss of vision if not treated.