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Find how much higher is the manager bonus

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Reference no: EM133000727

Problem 1: The manager of Novak is given a bonus based on net income before taxes. The net income after taxes is $ 74350 for FIFO and $ 62800for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

Reference no: EM133000727

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