Multiple Choice
If a firm manager has a base salary of $100,000 and also receives 5 percent of all profits,what percentage of his/her final income will be from a profit-sharing plan when profit equals $1,500,000?
A) 51 percent
B) 27 percent
C) 43 percent
D) 48 percent
Correct Answer:
Verified
Correct Answer:
Verified
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