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Jesus Company had a bonus agreement which provided that the general manager shall receive an annual bonus of 10% of the income after bonus and

Jesus Company had a bonus agreement which provided that the general manager shall receive an annual bonus of 10% of the income after bonus and tax. The income tax rate is 25%.

The general manager received P300,000 for the current year as bonus.

Required: What amount should be reported as income before bonus and tax?

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