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How much higher is the manager bonus

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Reference no: EM132934573

Question - The manager of Tamarisk is given a bonus based on net income before taxes. The net income after taxes is $59470 for FIFO and $51000 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?

Reference no: EM132934573

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