Question 16 (1 point)
JB Enterprises, ing reported the following information for 2006
13
14
15
Sales
1,500,000
costs of Goods Sold
2,100,000
Operating Expenses
1,000,000
Dividend Income
100,000
Dividends pald
80,000
I owns less than 20% of the stock in an other company, JB's taxable income is
A)
1,350,000
D) $1,500,000
C) $1,400,000
D) $1,430,000
O
bec to

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