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A company's president gets an annual bonus of 5% of net income after bonus and income tax. Assume the tax rate of 25% and
A company's president gets an annual bonus of 5% of net income after bonus and income tax. Assume the tax rate of 25% and the correct income before bonus and tax is P8,500,000. 307,200 O 193,200 O 353,500 O 1,095,800
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Let Tax be T and Bonus be B Tax 25 of Income after charging bonus Or T 0...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
