Which of the Following Statements Is Most Correct

question 116

Multiple Choice

Which of the following statements is most correct?

• A)Corporations are allowed to exclude 70% of their interest income from corporate taxes.
• B)Corporations are allowed to exclude 70% of their dividend income from corporate taxes.
• C)Individuals pay taxes on only 30% of the income realized from municipal bonds.
• D)Individuals are allowed to exclude 70% of their interest income from their taxes.
• E)Individuals are allowed to exclude 70% of their dividend income from their taxes.

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Definitions:

Sympathetic

Pertaining to the part of the autonomic nervous system that typically prepares the body for action by accelerating the heart rate, constricting blood vessels, and raising blood pressure.

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and restoring the body to a state of calm.

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and slowing down the heart rate.

Sympathetic

Relating to the part of the autonomic nervous system that prepares the body for action and stress, known as the fight or flight response.