The net income for 2007 of A Company before any deduction for bonus and income tax amounted to 2,500,000. Under an incentive compensation plan, the general manager is entitled to a year-end bonus of 10% of the net income before deducting the bonus but after deducting the income tax. Income tax rate is 35% The manager's bonus for 2007 was - Group of answer choices 164, 729 168, 394 157,620 162,500

The net income for 2007 of A Company before any deduction for bonus and income tax amounted to 2,500,000. Under an incentive compensation plan, the general manager is entitled to a year-end bonus of 10% of the net income before deducting the bonus but after deducting the income tax. Income tax rate is 35% The manager's bonus for 2007 was - Group of answer choices 164, 729 168, 394 157,620 162,500

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...

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