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Income before bonus and income taxes is 400000 the

Question - Wright inc has an incentive compensation plan under which the sales manager receives a bonus equal to 10% of the companies income after deductions for bonus and income taxes. Income before bonus and income taxes is $400,000. The effective tax rate is 30%. How much is the bonus (rounded to the nearest dollar).

A 40,000

B 30,108

C 28,000

D 26,168

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Accounting Basics: Income before bonus and income taxes is 400000 the

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Accounting Basics: Income before bonus and income taxes is 400000 the

Reference No:- TGS02586188

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