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year before bonus and tax is P5,250,000. The income tax rate a bonus of 5% of the entity's earnings. The income for the Nature Company has an agreement to pay the sales manager Determine the bonus under each of the following 1 Bonus is a certain percent of the income before bonus. is 30% of income after bonus. Required: Determine the bonus under each of the following independent assumptions: and before tax. 2 Bonus rs a certain percent of income after bonus but before tax. 3. Bonus is a certain percent of income after bonus and after tax. 4. Bonus is certain percent ofancome after tax but before bonus.

year before bonus and tax is P5,250,000. The income tax rate a bonus of 5% of the entity's earnings. The income for the Nature Company has an agreement to pay the sales manager Determine the bonus under each of the following 1 Bonus is a certain percent of the income before bonus. is 30% of income after bonus. Required: Determine the bonus under each of the following independent assumptions: and before tax. 2 Bonus rs a certain percent of income after bonus but before tax. 3. Bonus is a certain percent of income after bonus and after tax. 4. Bonus is certain percent ofancome after tax but before bonus.

SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter18: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 16P
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year before bonus and tax is P5,250,000. The income tax rate a bonus of 5% of the entity's earnings. The income for the Nature Company has an agreement to pay the sales manager Problem 1-29 (ACP) Nature Company has an agreement to pay the sales mana a bonus of 5% of the entity's earnings. The income for year before bonus and tax is P5,250,000. The income tax p is 30% of income after bonus. Required: Determine the bonus under each of the followin independent assumptions: 1 Bonus is a certain percent of the income before bonn and before tax. * f income after bonus h before tax. 3. Bonus is a certain percent of income after bonus and after 2. Bonus 1s a certain percent o tax. 4. Bonus is certain percent elincome.after tax but before bonus
Transcribed Image Text:year before bonus and tax is P5,250,000. The income tax rate a bonus of 5% of the entity's earnings. The income for the Nature Company has an agreement to pay the sales manager Problem 1-29 (ACP) Nature Company has an agreement to pay the sales mana a bonus of 5% of the entity's earnings. The income for year before bonus and tax is P5,250,000. The income tax p is 30% of income after bonus. Required: Determine the bonus under each of the followin independent assumptions: 1 Bonus is a certain percent of the income before bonn and before tax. * f income after bonus h before tax. 3. Bonus is a certain percent of income after bonus and after 2. Bonus 1s a certain percent o tax. 4. Bonus is certain percent elincome.after tax but before bonus
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