Question
The manager of Pharoah is given a bonus based on net income before taxes. The net income after taxes is $75980 for FIFO and $64500
The manager of Pharoah is given a bonus based on net income before taxes. The net income after taxes is $75980 for FIFO and $64500 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
$3280
$11480
$22960
$16400
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The Auditors Guide To Blockchain Technology Architecture Use Cases Security And Assurance Security Audit And Leadership Series
Authors: Shaun Aghili
1st Edition
1032078251, 978-1032078250
