Nature Company has an agreement to pay each sales manager a bonus of 5% of the entity's earnings and each sales personnel 2%. Nature has two sales manager and two sales personnel. The income for the...


Nature Company has an agreement to pay<br>each sales manager a bonus of 5% of the<br>entity's earnings and each sales personnel<br>2%. Nature has two sales manager and two<br>sales personnel. The income for the year<br>before bonus and tax is P5,000,000. THe<br>income tax rate is 30% of income after bonus.<br>The bonus is based on net income after<br>bonus and after tax.<br>How much is the total bonus of both sales<br>personnel? (round the final answer to the<br>nearest whole number)<br>

Extracted text: Nature Company has an agreement to pay each sales manager a bonus of 5% of the entity's earnings and each sales personnel 2%. Nature has two sales manager and two sales personnel. The income for the year before bonus and tax is P5,000,000. THe income tax rate is 30% of income after bonus. The bonus is based on net income after bonus and after tax. How much is the total bonus of both sales personnel? (round the final answer to the nearest whole number)

Jun 10, 2022
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