Which of the Following Is True Concerning Dividends

question 3

Multiple Choice

Which of the following is true concerning dividends?

• A)The system to eliminate double taxation assumes that the corporate tax rate is 27.5% when eligible dividends are grossed-up to include 138% of the dividend.
• B)Dividends received from a CCPC's business income that is not subject to the small business deduction are typically grossed-up to include 115% of the dividend.
• C)Dividends received from a CCPC's business income that is subject to the small business deduction are typically grossed-up to include 138% of the dividend.
• D)Eligible dividends require a 115% gross-up.

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An additional job or project taken on outside of one's primary employment, often to pursue a passion or supplement income.

Established Field

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