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

Which of the following statements is most correct?

Corporations are allowed to exclude 70% of their interest income from corporate taxes.

Corporations are allowed to exclude 70% of their dividend income from corporate taxes.

Individuals pay taxes on only 30% of the income realized from municipal bonds.

Individuals are allowed to exclude 70% of their interest income from their taxes.

Individuals are allowed to exclude 70% of their dividend income from their taxes

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