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Determine the manager bonus

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Question - The profit for 2021 of Dwight Company before any deduction for bonus and income tax amounted to Php2,500,000. Under an incentive compensation plan, the general manager is entitled to a year-ended bonus of 10% of the profit before deducting the bonus but after deducting the income tax. The income tax rate is 30%. Determine the manager's bonus for 2021?

a. 175,000

b. 180,412

c. 227,273

d. 250,000

Reference no: EM132849540

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