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The manager of Marigold Company is given a bonus based on income before income taxes. Net income, after taxes, is $11500 for FIFO and $9100
The manager of Marigold Company is given a bonus based on income before income taxes. Net income, after taxes, is $11500 for FIFO and $9100 for LIFO. The tax rate is 25%. The bonus rate is 15%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
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