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What amount of income would be necessary

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Question - Mr. Isip, the managing partner of ISIP-PUSO Partnership, is trying to decide whether to accept a bonus of 25% of net income after salaries and bonus or a salary of 97,500 plus a bonus of 10% of net income after salaries and bonus as a means of allocating profit among partners. Salaries traceable to other partners are estimated to be 450,000. What amount of income would be necessary so that Mr. Isip would consider the choices to be equal?

Reference no: EM133046919

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