If Steve Company Paid $350,000 in Bonuses,and Net Income Prior

Multiple Choice

If Steve Company paid $350,000 in bonuses,and net income prior to the bonus was $4,200,000,what was the bonus percentage offered to the employees during 2010?

A) 6.2%
B) 5.7%
C) 9.1%
D) 8.3%
E) 6.8%