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10 The manager of Nash's is given a bonus based on net income before taxes. The net income after taxes is $49240 for FIFO and
10 The manager of Nash's is given a bonus based on net income before taxes. The net income after taxes is $49240 for FIFO and $38600 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
$3040
$10640
$21280
$15200
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