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Which of the following accurately describes the special tax rules for agricultural businesses? a ) Agricultural businesses are subject to higher tax rates compared to
Which of the following accurately describes the special tax rules for agricultural businesses?
a Agricultural businesses are subject to higher tax rates compared to other types of businesses.
b Agricultural businesses are exempt from income taxation.
c Agricultural businesses may qualify for special deductions and credits related to farm income and expenses.
d Agricultural businesses are taxed at a fixed rate determined by the Department of Agriculture.
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