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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 9: Current Liabilities and Contingent Obligations
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    Cunningham, a Branch Manager, Is Allowed a Bonus of 10
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Cunningham, a Branch Manager, Is Allowed a Bonus of 10

Question 63

Question 63

Multiple Choice

Cunningham, a branch manager, is allowed a bonus of 10% of income after bonus and tax. If the tax rate is 30% and income before bonus and tax is $200,000, what is Mr. Cunningham's bonus?


A) $13,084
B) $14,000
C) $14,433
D) $20,000

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