Which of the Following Causes a Permanent Difference Between Taxable

question 34

Multiple Choice

Which of the following causes a permanent difference between taxable income and pretax accounting income?

• A)the installment method used for sales of property.
• B)MACRS depreciation method used for equipment.
• C)interest income on municipal bonds.
• D)percentage-of-completion method for long-term construction contracts.

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Definitions:

Selection Procedure

A selection procedure is a systematic method used by organizations to identify, evaluate, and hire candidates for a job based on criteria such as experience, skills, and personality.

Recruitment

The process of finding, attracting, and hiring suitable candidates for jobs within an organization.

Résumés

Written compilations of a person's education, work experience, credentials, and accomplishments, typically used for job applications.

Job Description

A list of the tasks, duties, and responsibilities (TDRs) that a particular job entails.