Question: help me please thank you After three profitable years, Colohan Company decided to offer a bonus to its branch manager of 25% of income over

help me please thank you

After three profitable years, Colohan Company decided to offer a bonus to its branch manager of 25% of income over P2,000,000 after deducting the bonus but before deducting tax earned by the branch. The income for the branch was P3,600,000 before tax and before bonus for 2017. The bonus of the branch manager for 2017 is A. 400,000 C. 300,000 B. 320,000 D. 100,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Blue Eyed Beauty Supply is the talk of the town. When Elaine started her business, she had no idea it would evolve to be the number one supplier of cosmetology supply in the region. While her...

solve and show your solution Problen 1-29 (AICPA Adapted) Christian Company has a bonus agreement which provides that the general manager shall receive an annual bonus of 10% of the net income after...

16. After three profitable years, Gretchen Company decided to offer a bonus to the branch manager of 25% of income over P1,000,000 earned by the branch during the current year. The income for the...

1. After three profitable years, Hannah Company decided to offer a bonus to its branch manager of 25% of income over P1,500,000 earned by the branch during the current year. The income for the branch...

help me please thank you 17) After three profitable years, Colohan Company decided to offer a bonus to its branch manager of 25% of income over P2,000,000 after deducting the bonus but before...

please help with questions 1 - 6. I am attaching all required docs. I know there is a lot of info attached but I would greatly appreciate your help. Thank you. Here are project 5 tables This is...

Please help with questions 1 - 5 utilizing the attached tables. If the tables are not correct please assist. Please see project 4 answers attached below Thank You. Yes. questions 1-5 at the top....

Problem 1-17 (AICPA Adapted) Regal Company sells gift certificates, redeemable tor store merchandise. The gift certificates have no expiration date. The entity has the following information...

business law For the year ended 30 June 2012, the audit team included a manager, two supervisors, two qualified seniors and three trainees. This audit, which lasted approximately five weeks, was very...

ASSESSMENT TASKS - ASSIGNMENT 1 Page 2 ASSIGNMENT 1 Task Using the information contained in the Scenario below, please complete the following 6 tasks. You must complete each task for your submission...

A bond of the Telink Corporation pays $110 in annual interest, with a $1,000 par value. The bond matures in 20 years. The markets required yield to maturity on a comparable-risk bond is 9 percent. a....

Prove corollary 3.2.3. Separation theorems are so pervasive in mathematical economics that it is necessary to have a range of variations in the armory. In the following sections we develop some...

5 Tom and Dick wish to form a company to manufacture wooden hen houses to be called Cluck Ltd. Explain the procedure for incorporation and commencement of business. (The Institute of Company...

3. Explain the relationship between history, power, and intercultural communication.

8. Explain the contact hypothesis.

7. Identify four antecedents that influence intercultural contact.