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PDE IMG_4853-2022-02-16-at-11.10. x + X G File | C:/Users/reymond%20d%20querwela/Downloads/IMG_4853-2022-02-16-at-11.10.18-PM.pdf SE 5 of 10 Q + |0 Page view | A Read aloud Add text A
PDE IMG_4853-2022-02-16-at-11.10. x + X G File | C:/Users/reymond%20d%20querwela/Downloads/IMG_4853-2022-02-16-at-11.10.18-PM.pdf SE 5 of 10 Q + |0 Page view | A Read aloud Add text A Draw v Highlight v Erase P . screen rec Case 2 The Partnership Agreement provides for the following: a. Fah receives a salary of P20,000 and receives 4% bonus after all salaries, interest, and bonus but before tax b. Fei receives a salary of P10,000 and receives a 3% bonus after all salaries, interest, and tax but before all bonus c. Fou receives a 5% bonus after all salaries, interest, and Fei's bonus, but before Fah's bonus and tax. d. All partners are to receive 5%% interest on their ending balances. e. Remaining balance is to be shared 20:30:50 f. Income tax rate is 30% g. Profit for the year is P97,800 h. Salaries, interest, and bonus are not partnership expenses How much is the bonus given to Fah? * 1 pointIMG_4853-2022-02-16-at-11.10. x + X G File | C:/Users/reymond%20d%20querwela/Downloads/IMG_4853-2022-02-16-at-11.10.18-PM.pdf 5 of 10 Q + | Page view | A Read aloud T Add text 1 A Draw Highlight v Erase H . screen rec Fah, Fel, and Fou are partners. Entries in the capital accounts during 2021 are as follows: Fah, Capital Fel, Capital Fou, Capital Jan 1 Cr. P100,000 Jan 1 Cr. P150,000 Jan 1 Cr. P120,000 May 1 Cr. 20,000 Feb 28 Dr. 30,000 Mar 31 Cr. 30,000 July 31 Dr. 10,000 May 31 Dr. 40,000 May 1 Cr. 50,000 Aug 31 Cr. 30,000 Sept 30 Cr. 50,000 Aug 31 Dr. 30,000 Nov. 30 Dr. 20,000 Oct 31 Cr. 10,000 Dec 31 Dr. 10,000 Case 2 The Partnership Agreement provides for the following: a. Fah receives a salary of P20,000 and receives 4% bonus after all salaries, interest, and bonus but before tax b. Fei receives a salary of P10,000 and receives a 3% bonus after all salaries, interest, and tax but before all bonus C. Fou receives a 5%% bonus after all salaries, interest, and Fer's bonus, but before Fah's bonus and tax. d. All partners are to receive 5% Interest on their ending balances. Remaining balance is to be shared 20:30:50 Income tax rate is 30% Profit for the year is P97,800 h. Salaries, interest, and bonus are not partnership expenses How much is the bonus given to Fah? * 1 point How much is the bonus given to Fel? * 1 point
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