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Smithkline established an incentive program for its president. This plan compensates the president with an annual bonus of 20% on the operating income of the
Smithkline established an incentive program for its president. This plan compensates the president with an annual bonus of 20% on the operating income of the corporation net of contributions and after deducting the bonus itself. If the tax rate is 30% and the operating income for this year was $ 800,000, the president's bonus will be: a) $ 120,000 b) $ 100,000 c) $ 63,156 d) $ 98,246
Smithkline established an incentive program for its president. This plan compensates the president with an annual bonus of 20% on the operating income of the corporation net of contributions and after deducting the bonus itself. If the tax rate is 30% and the operating income for this year was $ 800,000, the president's bonus will be:
a) $ 120,000
b) $ 100,000
c) $ 63,156
d) $ 98,246
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
10th Canadian Edition Volume 2
1118300858, 978-1118300855
