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Question - Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 15% of any income, before deducting bonus and income taxes, above $100,000. Income before bonus and income taxes is $250,000. The effective income tax rate is 30%.
Required -
1. Compute the amount of Raymond Moss's bonus.
2. Compute the income tax expense.
If the bonds' par value is R1 000 and matures in 40 years, what should the coupon rate be on the bonds? Market for R835 at an interest rate of 12% that is paid.
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don is the owner of a large apartment complex that was built 30 years ago. as complex is in serious need of renovation
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