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The profit for 2021 of Dwight Company before any deduction for bonus and income tax amounted to Php2,500,000. Under an incentive compensation plan, the general
The profit for 2021 of Dwight Company before any deduction for bonus and income tax amounted to Php2,500,000. Under an incentive compensation plan, the general manager is entitled to a year-end bonus of 10% of the profit before deducting the bonus but after deducting the income tax. The income tax rate is 30% The manager's bonus for 2021 was
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