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pluto products corp. provides incentive compensation plan under which its president receives a bonus equal to 20% of the corporations income in excess of 500,000

pluto products corp. provides incentive compensation plan under which its president receives a bonus equal to 20% of the corporations income in excess of 500,000 before income tax but after bonus. if income tax and bonus is 2,000,000 and the effective rate is 30%, the amount of the bonus would be?

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