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The correct answer is $89.25.
How do dividends work?
A dividend is paid per share of stock — if you own 30 shares in a company and that company pays $2 in annual cash dividends, you will receive $60 per year.
What does a dividend mean?
A dividend is the distribution of corporate profits to eligible shareholders. Dividend payments and amounts are determined by a company's board of directors. Dividends are payments made by publicly listed companies to reward investors for putting their money into the venture.
What are taxes used for?
Federal income taxes are used to provide for national programs such as national defense; veterans and foreign affairs; social programs; physical, human, and community development; law enforcement; and interest on the national debt. Use these resources to learn more about withholding.
What are 3 kinds of taxes?
Tax systems in the U.S. fall into three main categories: Regressive, proportional, and progressive. Two of these systems impact high- and low-income earners differently.
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