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Which of the following statements is most correct? a. Individuals are allowed to exclude 70% of their interest income from their taxes. b. Individuals are

Which of the following statements is most correct? a. Individuals are allowed to exclude 70% of their interest income from their taxes. b. Individuals are allowed to exclude 70% of their dividend income from their taxes. c. Corporations are allowed to exclude 70% of their dividend income from corporate taxes. d. Corporations are allowed to exclude 70% of their interest income from corporate taxes. e. Individuals pay taxes on only 30% of the income realized from municipal bonds

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