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Which of the following statements concerning taxation is true? a . Corporations pay federal and state income taxes. b . Corporations pay income taxes, but

Which of the following statements concerning taxation is true?

.

Corporations pay federal and state income taxes.

.

Corporations pay income taxes, but their stockholders do not.

.

Only the stockholders must pay taxes on corporate income.

.

Corporations pay federal income taxes but not state income taxes.

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