Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) The federal dividend tax credit is equal to 38 percent of the eligible dividends received.
B) The federal dividend tax credit is equal to 6/11 of the gross up on eligible dividends received.
C) The federal dividend tax credit is equal to 15 percent of the non-eligible dividends received.
D) The federal dividend tax credit is equal to 6/11 of the gross up on non-eligible dividends received.