Answer:
$35,000
Step-by-step explanation:
The computation of the dividend amount is given below:
As we know that
Dividend Paid = Net income - Retained earnings for current year
where,
Retained earnings for current year = This year - last year
= $500,000 - $425,000
= $75,000
Now
Dividend Paid is
= $110,000 - $75,000
= $35,000
If markdown is 25%,then 450.00 = 75%
450.00÷.75=600.00
600.00 is the highest amount of a couch you can spend to pay 450.00 before sales tax.
