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Thomas receives a yearly salary of $90,000, plus an annual bonus, from MGM. The annual bonus is determined in December of each year but not paid until January of the following year. Thomas's bonus is $15,000 for 2013 (received in 2014) and $33,000 for 2013 (received in 2013).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91040220

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