Miller company offers a bonus compensation plan

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Reference no: EM13103685

Miller Company offers a bonus compensation plan under which important employees receive bonuses equal to 10% of Miller's income afterward deducting income taxes but before deducting the bonus. If income earlier income tax and the bonus is $400,000 as well as the income tax rate is 30%, the bonuses must total
$27,160
$28,866
$36,400
$40,000

Reference no: EM13103685

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