Which of the following statements is CORRECT a Corporations are allowed to

Question

Which of the following statements is CORRECT?

a. Corporations are allowed to exclude 50% of their interest income from corporate taxes.

b. Corporations are allowed to exclude 50% of their dividend income from corporate taxes.

c. Individuals pay taxes on only 30% of the income realized from municipal bonds.

d. Individuals are allowed to exclude 50% of their interest income from their taxes.

e. Individuals are allowed to exclude 50% of their dividend income from their taxes.

Answer

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