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What amount of bonus would be

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Problem 1: Andrei Company provides an incentive compensation plan under which its chief executive officer receives a bonus equal to 10% of the company's income in excess of P880,000 before bonus and income tax. If income before bonus and income tax for 2021 amounted to P2,200,000 and income tax rate is 30%, this amount of bonus would be

Reference no: EM132813239

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