37. The bonus agreement of Christian Company provides that the general manager shall receive an annual bonus of 10% of the net income after bonus and tax. The income tax rate is 30% The general...

37.<br>The bonus agreement of<br>Christian Company<br>provides that the general<br>manager shall receive an<br>annual bonus of 10% of<br>the net income after bonus<br>and tax. The income tax<br>rate is 30%<br>The general manager<br>received P350,000 for the<br>current year as bonus.<br>What is the income before<br>bonus and tax?<br>P4,280,000<br>P4,000,000<br>P3,700,000<br>P5,350,000<br>

Extracted text: 37. The bonus agreement of Christian Company provides that the general manager shall receive an annual bonus of 10% of the net income after bonus and tax. The income tax rate is 30% The general manager received P350,000 for the current year as bonus. What is the income before bonus and tax? P4,280,000 P4,000,000 P3,700,000 P5,350,000

Jun 11, 2022

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37. The bonus agreement of Christian Company provides that the general manager shall receive an annual bonus of 10% of the net income after bonus and tax. The income tax rate is 30% The general...

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