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Compute the amount of bonus to be received by the president

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Question - SWC Company's president gets an annual bonus of 10% of net income after bonus and income tax. Assume the tax rate of 30% and the correct income before bonus and tax is P9,600,000. (Ignore the effects of other given items on net income.) Compute the amount of bonus to be received by the president.

Reference no: EM133172993

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