Question
NANOEDGE Co. grants its managerial employees bonus in the form of profit sharing. Information on operations in 20x1 is shown below: Profit before tax 4,000,000
NANOEDGE Co. grants its managerial employees bonus in the form of profit sharing. Information on
operations in 20x1 is shown below:
Profit before tax
4,000,000
Bonus rate or percentage
10%
Income tax rate
30%
1.
How much is the bonus "before bonus and before tax?"
2.
How much is the bonus "after bonus and before tax?"
3.
How much is the bonus "before bonus and after tax?"
4.
How much is the bonus "after bonus and after tax?"
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
