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The purpose of Schedule M - 1 is to reconcile the differences between book and tax income. For book purposes, interest earned on municipal bonds

The purpose of Schedule M-1 is to reconcile the differences between book and tax income. For book purposes, interest earned on municipal bonds is included in revenue. For tax income, what amount is included in income? 20% of interest 30% of interest 0% of interest 15% of interest

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