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All of the following are true EXCEPT a. interest income received by a corporation is taxed as ordinary income b. corporations pay taxes on all
All of the following are true EXCEPT
a. interest income received by a corporation is taxed as ordinary income | |
b. corporations pay taxes on all dividends received from other corporations no matter their share of ownership | |
c. corporations may pay taxes on only 30% of the dividends received depending on their percentage of ownership | |
d. a corporation cannot deduct from taxable income dividends they pay |
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