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All of the following statements concerning wind are true except
Dividend Income
Income received from owning shares in a company, paid out from the company's profits.
Charitable Contribution
Financial or material donations given to a charitable organization, often eligible for tax deductions.
C Corporation
A type of business entity that is taxed separately from its owners, and can have an unlimited number of shareholders.
Subchapter S Status
A tax designation for small corporations that meet specific IRS requirements, allowing income to be taxed at the shareholder level rather than at the corporate level.
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