Tofino Toffee Is a Corporation That Earned $5 Per Share

question 3

Multiple Choice

Tofino Toffee is a corporation that earned $5 per share before it paid any taxes.The firm retained $2.50 of after-tax earnings for reinvestment,and distributed what remained in dividend payments.You hold 6,000 shares of Tofino Toffee in a tax-free savings account,and 4,000 shares outside of a tax-free savings account.If the corporate tax rate was 25% and dividend earnings were taxed at 15%,what was the value of your dividend earnings received after all taxes are paid?

• A)$12,500
• B)$11,750
• C)$10,625
• D)$23,500
• E)$13,175

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Definitions:

Hippocampus

A major component of the brain, located in the medial temporal lobe, playing important roles in the consolidation of information from short-term memory to long-term memory, and in spatial memory that enables navigation.

Types Of Memories

The classification of memory into different types, such as short-term, long-term, procedural, and episodic memory.

Flashbulb Memories

Highly detailed and vivid memories of specific, often emotionally charged, events that are retained for a long time.

Accuracy Over Time

The degree to which a measurement or calculation maintains its correctness or precision as time progresses.