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

question 38

Multiple Choice

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

• A) Tax-exempt life insurance proceeds.
• B) Non-deductible meals expense.
• C) Accrued vacation pay liability not paid within the first 2½ months of the next tax year.
• D) Excess tax benefits from the exercise of NQOs.

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Definitions:

LGBT Persons

Individuals who identify as lesbian, gay, bisexual, or transgender, representing a diverse community with various sexual orientations and gender identities.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, both sexes, neither sex, or another sex.

Gender Identities

The personal sense of one's own gender, which may or may not correspond with the sex assigned at birth, and can include non-binary or transgender identities.

Heterosexual

A term describing a person who is romantically or sexually attracted to individuals of the opposite sex.