Question: The bonus related formula are given below: BB=Basic bonus AB= Additional bonus T= Tax BB=10% (P2,000,000* -T) T=40%(P2,000,000-BB-AB) AB= 50% of tax savings due

The bonus related formula are given below: BB=Basic bonus AB= Additional bonus

The bonus related formula are given below: BB=Basic bonus AB= Additional bonus T= Tax BB=10% (P2,000,000* -T) T=40%(P2,000,000-BB-AB) AB= 50% of tax savings due to the bonuses *Net income before the bonuses and tax REQUIRED: Using 2 solutions, compute for the following: 1. Basic bonus 2. Additional bonus 3. Tax

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