Which of the Following Statements Is CORRECT

question 120

Multiple Choice

Which of the following statements is 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.

---

Definitions:

Time Study

Timing a sample of a worker’s performance and using it as a basis for setting a standard time.

Labour Standards

Benchmarks or criteria used to measure the expected performance or productivity of workers within a specific time period.

Historical Experience

Refers to the information and insights gained from past events and situations that influence current decision-making or understanding.

Time-Study Procedure

A method used to determine the time taken for a worker to complete a task, with the goal of increasing efficiency.