Normally, a company's book income and tax income should be the same.

Name: Normally, a company's book income and tax income should be the same.
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Companies can use various tax deductions to reduce their taxable income, causing their tax income to be lower than their book income. Additionally, some companies may have deferred taxes or use other accounting methods that can cause their book income to differ from their tax income.

Normally, a Company's Book Income and Tax Income Should Be