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How much higher is the manager bonus

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Reference no: EM132931166

Question - The manager of Whispering is given a bonus based on net income before taxes. The net income after taxes is $54220 for FIFO and $45400 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

A. $2520

B. $17640

C. $8820

D. $12600

Reference no: EM132931166

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