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The manager of Weiser is given a bonus based on net income before taxes

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solution


Question

Question;The manager of Weiser is given a bonus based on net income before taxes. The net income after taxes is $35,700 for FIFO and $29,400 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

 

Paper#49066 | Written in 18-Jul-2015

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