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The Cruise Ship Co. has taxable income of $3,500,000. The company paid out $550,000 in interest...

The Cruise Ship Co. has taxable income of $3,500,000. The company paid out $550,000 in interest expense. The tax rate is 21% and the dividend payout ratio is 30%. What is the amount that was paid out in dividends?

A. $780,000

B. $829,500

C. $682,500

D. $420,000

E. $550,000

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jeff jeffy answered 2 years ago
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