Entity A has an incentive compensation plan under which the sales manager receives a bonus equal to 10 percent of the company's income after deductions for bonus and income taxes. Income before bonus and income taxes 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

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