Question: ARTIFACT MAN MADE OBJECT Co. provides an incentive compensation plan under which its president receives a bonus equal to 10% of ARTIFACT's profit before tax

ARTIFACT MAN MADE OBJECT Co. provides an incentive compensation plan under which its president receives a bonus equal to 10% of ARTIFACT's profit before tax but after deduction of the bonus. ARTIFACT's profit after tax and after bonus for the year is 2,545,456. Income tax rate is 30%. How much is the bonus?

a. 245, 798

b. 261, 684

c. 288, 660

d. 363, 636

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