Answer: Yes, it is possible to form 24 permutations using the letters in the word TOTE. Permutations are arrangements of a set of items in a specific order, and the number of permutations possible for a given set of items is equal to the number of ways in which those items can be arranged. In both the words TOME and TOTE, there are 4 distinct letters that can be arranged in different orders, which means that there are 4! (4 factorial) possible permutations for each word. 4! is equal to 24, so it is possible to form 24 permutations using the letters in either TOME or TOTE.