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Posted on Jan 29, 2024

One branch of Galssy Company earned an income of P560,000 before bonus and taxes for 2020. The applicable tax rate for Galssy is 25%.

• 9% of income after bonus and taxes

•7.5% of income after bonus but before taxes

•8% of income before bonus but after taxes

• 7% of income before bonus and taxes

Of the four bases for bonus expense, how much would yield the lowest amount?

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