After three profitable years, Cairo Company decided to offer a bonus to the branch manager of 25% of income over P1,000,000 earned by the branch. The income for the branch was p1,600,000 before tax and before bonus for the current year. The bonus is computed on income in excess of P1,000,000 after deducting the bonus but before deducting tax What is the bonus of the branch manager for the current year? 120,000. 150,000 250,000 320 000

After three profitable years, Cairo Company decided to offer a bonus to the branch manager of 25% of income over P1,000,000 earned by the branch. The income for the branch was p1,600,000 before tax and before bonus for the current year. The bonus is computed on income in excess of P1,000,000 after deducting the bonus but before deducting tax What is the bonus of the branch manager for the current year? 120,000. 150,000 250,000 320 000

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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