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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 
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