How much is the bonus, Income before bonus and income taxes

How much is the bonus

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Reference no: EM13144047

Wright inc has an incentive compensation plan under which the sales manager receives a bonus equal to 10% of the companies income after deductions for bonus and income taxes. Income before bonus and income taxes is $400,000. The effective tax rate is 30%. How much is the bonus(rounded to the nearest dollar).

Reference no: EM13144047

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