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Assume the following information:Income before bonus and tax is $100,000.Income tax rate is 30%.Bonus rate is 10%.Compute the bonus and prepare the net income calculations

Assume the following information:Income before bonus and tax is $100,000.Income tax rate is 30%.Bonus rate is 10%.Compute the bonus and prepare the net income calculations for the following situations:

1. Bonus based on income before tax and before bonus.

2. Bonus based on income before tax and after bonus.

3. Bonus based on income after tax and before bonus.

4. Bonus based on income after tax and after bonus.

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