Aabel, a partner in the ABC Partnership, receives a bonus of 15 percent of income. If income

Question:

Aabel, a partner in the ABC Partnership, receives a bonus of 15 percent of income. If income for the period is $20,000, what is Aabel's bonus, assuming that it is computed as a percentage of income before the bonus? What is the bonus if it is computed as a percentage of income after deducting the bonus?