Business, 31.12.2019 01:31 iamcuriousdelip08rmf
Raymond moss, vice president of moss auto parts, gets an annual bonus of 15% of any income, before deducting bonus and income taxes, above $100,000. income before bonus and income taxes is $250,000. the effective income tax rate is 30%.
required:
1. compute the amount of raymond moss's bonus. bonus = $
2. compute the income tax expense. income tax expense = $
answer the 2nd question correctly. the answer posted is wrong.
Answers: 2
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Raymond moss, vice president of moss auto parts, gets an annual bonus of 15% of any income, before d...
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