ABC Corporation pays bonuses to its Chief Finance officer. The company had profit for 2021 of P 5,000,000 before bonuses and income taxes. Assuming ABC corporation gives 10% bonus after bonus and income taxes, how much would be the income taxes? P 327,102.80 P 1,401,869.16 P 3,247,422.68

ABC Corporation pays bonuses to its Chief Finance officer. The company had profit for 2021 of P 5,000,000 before bonuses and income taxes. Assuming ABC corporation gives 10% bonus after bonus and income taxes, how much would be the income taxes? P 327,102.80 P 1,401,869.16 P 3,247,422.68

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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Question

P 327,102.80

P 1,401,869.16

P 3,247,422.68

P 3,271,028.04

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