Which of the following statements about corporate taxation of interest and dividends is CORRECT?

a. Interest and dividend income received by a corporation is taxed favorably.

b. Some of the interest paid by a corporation can be deducted from the corporation's taxable income.

c. 50% of the dividends paid by a corporation is tax deductible by the corporation.

d. Dividends paid by a corporation cannot be deducted from the corporation's taxable income.

e. Some of the interest received by a corporation is tax deductible by the corporation.