MLM Enterprises Has Net Income of $984,interest Expense of $146,sales

question 46

Multiple Choice

MLM Enterprises has net income of $984,interest expense of $146,sales of $6,320,addition to retained earnings of $495,selling and general expenses of $1,210,and depreciation of $1,140.What is the amount of dividends paid if the tax rate is 34 percent?

• A)$1,479
• B)$1,162
• C)$489
• D)$507
• E)$783

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Definitions:

Well-Being

A comprehensive measure of an individual's overall health, happiness, and life satisfaction.

Gini Coefficient

An indicator of how unevenly income is distributed in a population, with 0 representing complete equality and 1 signifying absolute inequality.

Income Distribution

How a nation’s total GDP is distributed amongst its population, a key factor in understanding economic inequality and wealth distribution within a society.