Which of the Following Would Create a Permanent Difference Between

question 21

Multiple Choice

Which of the following would create a permanent difference between published statements and tax returns?

• A)Municipal bond interest income
• B)Deductible charitable contributions
• C)MACRS depreciation
• D)Bad debt expense

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Definitions:

Mechanical

Pertaining to the design, operation, or working of machines or machinery; involving moving parts or systems.

SSD

Solid State Drive; a type of non-volatile storage media that uses integrated circuit assemblies to store data.

Loopback Plug

A troubleshooting device that allows port testing.

Port

In computing, a port is a communication endpoint, a physical or virtual connection point used for connecting devices or for data transfer between devices and a computer.