Adhere Company grants its managerial employees bonus in the form of profit sharing. Information on operations in
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Question:
2019 is shown below:
Profit before bonus & tax 4,000,000
Bonus rate or percentage 10%
Income tax rate 30%
4) How much is the bonus "before bonus and before tax"?
5) How much is the bonus "after bonus and before tax"?
6) How much is the bonus "before bonus and after tax"?
7) How much is the bonus "after bonus and after tax"?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: