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Crystal Chandelier, the president of Glass Works Inc., has signed a contract that specifies she gets a bonus of 1 2 % of profit. The
Crystal Chandelier, the president of Glass Works Inc., has signed a contract that specifies she gets a bonus of of profit. The bonus is tax deductible for the business, which faces a marginal tax rate of The profit before deductions for bonus and tax was $ in $ in and $ in
Calculate the bonus and the tax for each of the following:
A In the bonus is based on profit before deductions for bonus and tax
B In the bonus is based on profit after deduction of bonus but before tax
C In the bonus is based on profit after deductions of bonus and tax.
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