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Mark, Ming, and Leo created a partnership to own and operate a car rental store. During the year partnership earn a profit of $220,000. Mark
"Mark, Ming, and Leo created a partnership to own and operate a car rental store. During the year partnership earn a profit of $220,000. Mark is eligible for bonus equal to 10 percent of income net of the salary allowance and bonus. Mark and Ming are eligible for salary allowance of $15,000 and $ 30,000 respectively. The bonus for Mark will be:" "$20,000 " "$17,500 " "$15,909 " None of these
"Mark, Ming, and Leo created a partnership to own and operate a car rental store. During the year partnership earn a profit of $220,000. Mark is eligible for bonus equal to 10 percent of income net of the salary allowance and bonus. Mark and Ming are eligible for salary allowance of $15,000 and $ 30,000 respectively. The bonus for Mark will be:"
"$20,000 "
"$17,500 "
"$15,909 "
None of these
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