Solution-How much higher is the manager bonus

How much higher is the manager bonus

Reference no: EM133043104

Question - The manager of Skysong is given a bonus based on net income before taxes. The net income after taxes is $51790 for FIFO and $41500 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: EM133043104

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How much higher is the manager bonus

Reference no: EM133043104

Reference no: EM133043104

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