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The manager of Weiser is given a bonus based on net income before taxes. The net income after taxes is $49600 for FIFO and $40800
The manager of Weiser is given a bonus based on net income before taxes. The net income after taxes is $49600 for FIFO and $40800 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?
$12571
$17600
$2514
$8800
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