Which of the following is true concerning dividends? Multiple Choice

-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.

-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.

-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.