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The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $20,000 plus a bonus of 10

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The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $20,000 plus a bonus of 10 percent of income after deduction of the bonus and the salary allowance. If income is $130,000, the bonus should be: o $10,000 O $20,000 O $12,222 O $11,000

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