Pepa Company has an agreement to pay its sales manager a bonus of 5% of the income after bonus and after tax. The income for the year before bonus and tax is P5,250,000. The income tax rate is 30%. What is the bonus for the year?

Pepa Company has an agreement to pay its sales manager a bonus of 5% of the income after bonus and after tax. The income for the year before bonus and tax is P5,250,000. The income tax rate is 30%. What is the bonus for the year?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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