The sales manager of the Walbrook Company receives an annual bonus of 10% of net income after bonus and taxes. In 2019, Walbrook's income, before bonus and taxes, was $400,000. The effective tax rate is 30%. Required: Compute the sales manager's bonus and the income tax expense for the Walbrook Company. Round bonus to dollars and income tax expenses to cents

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A:

Q: , 1.5%. What is the net amount to be paid to Jackson?

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A:

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