Norris Co. has a contract with its president to pay her a 5% bonus for 2017 and 2018. 2 The federal income tax rate is 30% during these two years. In 2018, income before deductions for the bonus and federal income taxes was $600,000. If the bonus is based on income after deductions for the bonus and income tax, the bonus (to the nearest dollar) is (5 points-SHOW ALL WORK!!) a. $19,719. b. $20,000. c. $20,290. d. $30,000. e. None of the above, the answer is