Multiple Choice
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?
A) $9,000
B) $12,600
C) $1,800
D) $6,300
Correct Answer:
Verified
Correct Answer:
Verified
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