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How much higher is the manager bonus

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Reference no: EM132758801

Question - The manager of Vaughn is given a bonus based on net income before taxes. The net income after taxes is $58540 for FIFO and $50000 for 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?

A. $12200

B. $17080

C. $2440

D. $8540

Reference no: EM132758801

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