Solved: Income before bonus and income taxes is 400000 the, Accounting Basics

+44 141 628 6080
[email protected]

Income before bonus and income taxes is 400000 the

Question - Wright inc has an incentive compensation plan under which the sales manager receives a bonus equal to 10% of the companies income after deductions for bonus and income taxes. Income before bonus and income taxes is $400,000. The effective tax rate is 30%. How much is the bonus (rounded to the nearest dollar).

A 40,000

B 30,108

C 28,000

D 26,168

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Income before bonus and income taxes is 400000 the

Reference No:- TGS02586188

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Understanding that most employment in america is at will

Many people don't understand that most employment in America is "at will", which means you can quit whenever you want and you can get fired

Do todays policymakers truly represent the general public

Do you think that today's policymakers truly represent the general public? or Do they represent special interest groups and the elite population?

How practitioner is engaging in advocacy training

Advocacy consists of the purposive efforts to change specific existing or proposed policies or practices on behalf of or with a specific client or group of clie

Is our society more accepting of some immigrant groups

Is our society more accepting of some immigrant groups than others? Explain your answer.

How local planning process impact economic development

How does the local planning process impact economic development in your chosen community?

How amendments provides freedoms

How can i reply to this? In the U.S. Constitution, none of the amendments outline verbatim that "we have a right to privacy." Privacy is a subjective

Describe how supreme court has identified and interpreted

Describe how the Supreme Court has identified and interpreted the right to privacy. Which of the following statements regarding the Supreme Court's decisions

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Income before bonus and income taxes is 400000 the

Reference No:- TGS02586188

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What does market capitalization tell you about a business

Q : Explain the difference between a sample and a census every

Q : How is the company reporting on its performance and risks

Q : Do the new ratings appear to be safe when the boat is

Q : Income before bonus and income taxes is 400000 the

Q : Briefly describe your company identify potential problems

Q : Indicate the effect of each transaction during the month of

Q : Under the portfolio ie asset approach suppose the new york

Q : Explain the difference between a parameter and a