The manager of Swifty Company is given a bonus based on income before income taxes. Net income, after taxes, is $11400 for FIFO and $9200 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? $83 $3300 $440 $550

The manager of Swifty Company is given a bonus based on income before income taxes. Net income, after taxes, is $11400 for FIFO and \$9200 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? $83 $3300 5440 $550