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Baxwell industries vice president of manufacturing

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Reference no: EM13515066

8. Baxwell Industries' vice president of manufacturing receives a bonus equal to 8% of income before taxes (but after bonus). Assuming the company's income before consideration of the bonus and taxes was $48,000,000, determine the amount of the vice president's bonus (round to the nearest dollar).

A) $4,760,000
B) $4,444,445
C) $3,840,000
D) $3,555,556

Reference no: EM13515066

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