The profit for 2021 of Dwight Company before any deduction for bonus and income tax...
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Accounting
The profit for 2021 of Dwight Company before any deduction for bonus and income tax amounted to Php2,500,000. Under an incentive compensation plan, the general manager is entitled to a year-end bonus of 10% of the profit before deducting the bonus but after deducting the income tax. The income tax rate is 30% The manager's bonus for 2021 was
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