Wilson co. has an agreement with the sales manager taht, Ask an Expert

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Wilson Co. has an agreement with the sales manager taht she is to recieve a bonus of 5% of net income after deduction of the bonus and income taxes. COmpany income before deduction of the bonus and income taxes is $250,000. Income taxes are 30% and the bonus is deductible for taxes.

A) Show your calculation of the amount of the bonus to the nearest dollar

B) Show your calculation of the taxes to the nearest dollar.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9418333

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