The net income for 2007 of A Company before any deduction for bonus and income tax amounted to 2,500,000. Under an incentive compensation plan, the general manager is entitled to a year-end bonus of 10% of the net income before deducting the bonus but after deducting the income tax. Income tax rate is 35% The manager's bonus for 2007 was - Group of answer choices 164, 729 168, 394 157,620 162,500

The manager of Pharoah is given a bonus based on net income before taxes. The net income after taxes is $75980 for FIFO and $64500 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

The employees of vintage clothes achieved all of the sales goals for 2017 vintage decides to reward the employees with a bonus of 20% on annual net income after deducting the bonus the net income before the calculation of the bonus is $304,000 what is the amount of the bonus? A) $60,800 B) $53,647 C) $12,160 D) $50,667 

A company recently appointed a senior manager from a main competitor. As part of the benefits discussion between the new manager and the company, it was agreed that a defined benefit scheme would be for a single member, the new manager, and consist of the following benefits: members will receive 4% of their final salary for each year of service. The manager earned a salary of £700,000 for the year 2020 and will increase at a rate of 2% per year beginning in 2021. The new manager has signed a 10 year contract and, subsequently, there is considered to be no possibility of the manager resigning or retiring before the end of the 10 year period. The discount rate applicable to the pension scheme is 10%. Kindly do the table, journal entries and slight expalnations and how does it affect Statement of profit or loss and Statement of financial position.

The Carioco Company has two divisions that operate independently of one another. The financial data for the year 2022 reported the following results:                                             Alpha            Beta Sales                              $3,000,000     $2,500,000 Operating income              750,000          550,000 Taxable income                   650,000         375,000 Investment                       6,000,000       5,000,000 The company's desired rate of return is 10%. Income is defined as operating income. Required: What are the respective residual incomes for the Alpha and Beta Divisions? a. $150,000 and $50,000 b. $150,000 and $30,000 c. $50,000 and a negative $150,000 d. $30,000 and $50,000

Entity A  has an incentive compensation plan under which the sales manager receives a bonus equal to 10percent of the company's income after deductions for bonus and income taxes. Income before bonus and incometaxes is P500,000. The effective income tax rate is 30 percent. How much is the amount of bonus (rounded to the nearest peso)?a. 32,710 b. 60,748 c. 30,974 d. 37,210   How much is the amount of income tax?a. 131,776 b. 140,708 c. 138,837 d. 140,187