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Problem 1-28 (AICPA Adapted) Ronald Company has an incentive compensation plan under which a branch manager received 10% of the branch income after deduction of the bonus but before deduction of income. tax. . Branch income for the current year before the bonus and income tax was P1,650,000. The tax rate was 30%. What is the bonus for the current year? a. 126,000 b. 150,000 c. 165,000 d. 180,000