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Tessa Has Planned a Five- Day Trip to Miami with Her

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Tessa has planned a five- day trip to Miami with her husband. Before leaving, one of Tessa's partners asks her to take a morning meeting with a client while she is there. Tessa can now deduct the cost of the airfare for the trip.

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Definitions:

Net Income

The total profit or loss of a company after all revenues, expenses, taxes, and costs have been subtracted from total revenue.

Dividends

Profit distributions by a corporation to its shareholders, usually as an earnings sharing.

Outstanding Shares

The total number of shares of a company that are currently owned by shareholders, including those held by institutional investors and restricted shares owned by the company’s officers and insiders.

Dividends Paid

The portion of a company's earnings distributed to shareholders as a payment.

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