____ received by corporations are normally entitled to a 70 percent exclusion from federal income taxes.
A) Capital gains income
B) Dividend income
C) Loss carrybacks and carryforwards
D) none of the above

Name: ____ received by corporations are normally entitled to a 70 percent exclusion from federal income taxes. A) Capital gains income B) Dividend income C) Loss carrybacks and carryforwards D) none of the above
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The Answer is B

____ Received by Corporations Are Normally Entitled to a 70