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How much is the total bonus of both sales personnel

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Nature company has an agreement to pay each sales manager a bonus of 5% of the entity's earnings and each sales personnel 2% Nature has two sales manager and two sales personnel. The income for the year before bonus and tax is P5,000,000. The income tax rate is 30% of income after bonus the bonus is based on net income after bonus and after tax.

Problem 1: How much is the total bonus of both sales personnel?

Reference no: EM132839958

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