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What is the amount of the bonus for jackson company

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Reference no: EM132786946

Jackson Company has an incentive compensation plan under which the president is to receive a bonus equal to 10% of income in excess ot PL,000,000 before deducting income but after deducting the bonus. The income before income tax and the bonus is P3,200,000.

Question 1: What is the amount of the bonus?

a. 220,000

b. 200,000

c. 320,000

d. 440,000

Reference no: EM132786946

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