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How much is the bonus before bonus and before tax

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Reference no: EM132822028

Question - Adhere Company grants its managerial employees bonus in the form of profit sharing. Information on operations in 2019 is shown below:

Profit before bonus & tax 4,000,000

Bonus rate or percentage 10%

Income tax rate 30%

1) How much is the bonus "before bonus and before tax"?

2) How much is the bonus "after bonus and before tax"?

3) How much is the bonus "before bonus and after tax"?

4) How much is the bonus "after bonus and after tax"?

Reference no: EM132822028

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