55. Which of the following items is not a permanent book tax difference? a. Tax-exempt interest income.

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55. Which of the following items is not a permanent book–

tax difference?

a. Tax-exempt interest income.

b. Tax-exempt insurance proceeds.

c. Windfall tax benefits from the exercise of a nonqualified stock option (NQO).

d. Nondeductible meal expenses.

e. First-year expensing under §179.

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Taxation Of Individuals And Business Entities 2020

ISBN: 9781259969614

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jul 19, 2024 04:04 PM

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55. Which of the following items is not a permanent book tax difference? a. Tax-exempt interest income.

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Taxation Of Individuals And Business Entities 2020

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