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.

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Definitions:

People

People generally refers to human beings, considered collectively or as members of a community.

Symbols

Objects, figures, or colors used to represent ideas, concepts, or entities.

Conflict Theory

A social theory that views society as composed of groups competing for scarce resources, leading to conflicts that drive social change.

Unequal Distribution

The uneven allocation or spread of resources, wealth, opportunities, or rights among different groups in society.