Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $32,800 during the year. Income generated through the brokerage account was as follows: Municipal interest $65,600
Taxable dividends and interest 328,000
If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar.
How much investment interest can Tobias deduct

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066