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help me please thank you 7) Andrei Company provides an incentive compensation plan under which its chief executive officer receives a bonus equal to 10%
help me please thank you
7) Andrei Company provides an incentive compensation plan under which its chief executive officer receives a bonus equal to 10% of the company's income in excess of P880,000 before bonus and income tax. If income before bonus and income tax for 2016 amounted to P2,200,000 and income tax rate is 30%, this amount of bonus would be A 220,000 C. 132,000 B. 200,000 D. 120,000 Step by Step Solution
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