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If Jefferson Company paid a bonus equal to 10% of net income after bonuses and the total bonus distributed was $350,000, how much was net
If Jefferson Company paid a bonus equal to 10% of net income after bonuses and the total bonus distributed was $350,000, how much was net income for the year?
$3,500,000
$3,850,000
$4,500,000
$2,500,000
$3,055,000
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