3) With respect to the gross up and tax credit procedures applicable to dividends from taxable Canadian corporations, which of the following statements is NOT correct? a) The gross up is intended to adjust the taxable amount of the dividend to the pre-tax amount that was required at the corporate level in order to pay the dividend. b) The federal dividend tax credit is the same regardless of corporation it is received from. c) The amount of the gross up depends on whether the dividend is eligible or non-eligible. d) The dividend tax credit is intended to compensate the shareholder for the taxes that were paid at the corporate level. 4) With respect to the tax rules for Registered Education Savings Plans (RESPs), which of the following statements is NOT correct? a) The total contributions to one individual's plan cannot exceed $50,000. b) Earnings paid out of the plan are subject to tax in the hands of the recipient. c) The annual contributions made by any one individual cannot exceed $4,000. d) Distributions can be made to a beneficiary of a plan when they commence full-time studies at an institution that would qualify the individual for the education tax credit