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How much would yield the lowest amount

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Reference no: EM133000570

One branch of Galssy Company earned an income of P560,000 before bonus and taxes for 2020. The applicable tax rate for Galssy is 25%.

  • 9% of income after bonus and taxes
  • 7.5% of income after bonus but before taxes
  • 8% of income before bonus but after taxes
  • 7% of income before bonus and taxes

Problem 1: Of the four bases for bonus expense, how much would yield the lowest amount?

Reference no: EM133000570

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