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43. Wright Inc. has an incentive compensation plan under which the sales manager recieves a bonus equal to 10 percent of the company's income before

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43. Wright Inc. has an incentive compensation plan under which the sales manager recieves a bonus equal to 10 percent of the company's income before deductions for bonus but after deduction for income taxes. Income before bonus and income taxes is P400,000. The effective income tax is 30 percent. How much is the bonus (rounded to the neareast peso)? a. P26,168 b. P28,886 c. P30,108 d. P40,000

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