Baker, a branch manager, is allowed a bonus of 10% of income after bonus and tax.If the tax rate is 30% and income before bonus and tax is $200, 000, what is Mr.Baker's bonus?

A) $13, 084
B) $14, 000
C) $14, 433
D) $20, 000

Question

Onalenna Manyepedza · Accepted Answer

Final Answer : A, Explanation :  Explanation:Income after bonus and tax = $200,000 / (1 - 0.3) = $285,714.29Bonus = 10% of $285,714.29 = $28,571.43Mr. Baker's bonus = $28,571.43 - $14,487.43 = $14,084

Baker, a branch manager, is allowed a bonus of 10% of income after bonus and tax.If the tax rate is 30% and income before bonus and tax is $200, 000, what is Mr.Baker's bonus?

A) $13, 084
B) $14, 000
C) $14, 433
D) $20, 000

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Learning Objectives

Related questions

Baker, a branch manager, is allowed a bonus of 10% of income after bonus and tax.If the tax rate is 30% and income before bonus and tax is $200, 000, what is Mr.Baker's bonus?A) $13, 084B) $14, 000C) $14, 433D) $20, 000

Definitions

Learning Objectives

Learning Objectives

Related questions

Baker, a branch manager, is allowed a bonus of 10% of income after bonus and tax.If the tax rate is 30% and income before bonus and tax is $200, 000, what is Mr.Baker's bonus?

A) $13, 084
B) $14, 000
C) $14, 433
D) $20, 000