Multiple Choice
The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $30,000,plus a bonus of 20 percent of income after deduction of the bonus and the salary allowance.If income is $150,000,the bonus should be:
A) $18,000
B) $20,000
C) $24,000
D) $30,000
Correct Answer:
Verified
Correct Answer:
Verified
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