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Determine the amount of the vice president bonus

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Reference no: EM132001185

Question - Baxwell Industries' vice president of manufacturing receives a bonus equal to 8% of income before taxes (but after bonus). Assuming the company's income before consideration of the bonus and taxes was $48,000,000, determine the amount of the vice president's bonus (round to the nearest dollar).

A) $4,760,000

B) $4,444,445

C) $3,840,000

D) $3,555,556

Reference no: EM132001185

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