Which of the following statements is true? Mary Gilly owns 100% of the stock of Gilly Inc. Both Mary and Gilly Inc. are taxpayers under federal law. The same rate schedule applies to both individual and corporate taxpayers. The tax provisions governing the computation of individual business income are separate and distinct from the tax corporate business income. Mary Gilly owns 100% of the stock to Gilly Inc. Both Mary and Gilly Inc. are taxpayers under federal law and the tax individual business income are separate and distinct from the tax provisions governing the computation of corpora