A credit union is owned and operated by the people who have accounts in it. In a traditional bank, the bank is run by a president and a board of higher people. In a credit union, all members of the union own a stake of the company and the board is made up of members of the credit union.
Answer:
A. 22.4%
Explanation:
Income TAXES
Operating profit before interest and tax $ 519.233
Net nonoperating expense before tax -$ 109.491
Subtotal $ 409.742
Provision for income taxes -$ 91.720 -22,4%
Net Income $ 318.022
