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Posted on Jul 11, 2024

On December 3 1 , Drexel company estimates that it will pay its employees a 6 % bonus on net income after deducting the bonus.

On December

31,

Drexel company estimates that it will pay its employees a

6 %

bonus on net income after deducting the bonus. The company reports net income of $

48, 000

before the calculation of the bonus. The bonus will be paid on January

15

of the next year

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