An individual can subtract interest or dividends on obligations of counties, cities, districts, ports or other public or municipal corporations or political subdivisions of Oregon to the extent included for federal income tax purposes. Adjustments to the amount subtracted may need to be made, including adjustments for: Question 41Select one: a. Any interest on debt incurred to carry the obligations or securities b. Any expenses incurred in the production of interest or dividend income c. A and B d. None of the above. No adjustments need to be made