Identify Which of the Following Statements Is True

question 54

Multiple Choice

Identify which of the following statements is true.

• A) The full 65% dividends- received deduction is available without restriction.
• B) The dividends- received deduction is designed to reduce double taxation of corporate dividends.
• C) If a corporation receives dividends eligible for the 65% dividends- received deduction and the 50% dividends- received deduction, the 50% dividends- received deduction reduces taxable income prior to the 65% deduction.
• D) All of the above are false.