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Which of the following statements is CORRECT? ...

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Finance

Which of the following statements is CORRECT?

a. Corporations are allowed to exclude 50% of their dividend income from corporate taxes.
b. Individuals pay taxes on only 30% of the income realized from municipal bonds.
c. Individuals are allowed to exclude 50% of their interest income from their taxes.
d. Corporations are allowed to exclude 50% of their interest income from corporate taxes.
e. Individuals are allowed to exclude 50% of their dividend income from their taxes.

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