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1. Which of the following nominal rates does not apply to a C corporation? a. 10% b. 15% c. 25% d. 35% 2. 2. Which

1. Which of the following nominal rates does not apply to a C corporation?

a. 10%

b. 15%

c. 25%

d. 35% 2.

2. Which of the following is never included in gross income?

a. Loss on stock sale

b. Social security benefits

c. Gifts

d.Unemployment benefits

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