Moncton Meats Is a Corporation That Earned $3 Per Share

question 72

Multiple Choice

Moncton Meats is a corporation that earned $3 per share before it paid any taxes.The firm retained $1 of after-tax earnings for reinvestment,and distributed what remained in dividend payments.You hold 20,000 shares of Moncton Meats in a tax-free savings account.If the corporate tax rate was 30% and dividend earnings were taxed at 20%,what was the value of your dividend earnings received after all taxes are paid?

• A)$40,000
• B)$16,000
• C)$20,000
• D)$17,600
• E)$22,000

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The entire group of individuals or instances about whom we are hoping to make conclusions in a statistical analysis.

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