Question: compute the problem, highlight the final answer and show solution PROBLEM 4 Brent is the managing partner of the BreKa Partnership. He is given an

compute the problem, highlight the final answer and show solution

PROBLEM 4 Brent is the managing partner of the BreKa Partnership. He is given an incentive of 20% bonus on profit. The profit of the partnership is P720,000 and income tax rate is 30%. Determine the amount of bonus under each of the following assumptions: WwW WN - Bonus is based on profit before deducting bonus but after deducting income tax . Bonus is based on profit after deducting bonus but before deducting income tax - Bonus is based on profit before deducting bonus and income tax - Bonus is based on profit after deducting bonus and income tax

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