Calculate earnings before interest and taxes given the following information: net income = $415; interest paid = $85; taxes = $300; sales = $2,000

A) $800
B) $750
C) $725
D) $700
E) $675

Taxes

Mandatory monetary fees or different forms of charges levied on an individual or entity by a government body to finance government operations and several public services.

Interest Paid

Interest paid refers to the amount of money paid over a period for the use of borrowed funds, representing the cost of borrowing to the debtor.