Under An Incentive Companesation Plan, The General Manager Of Jelly Is Entitled To A Year-end Bonus Of 10%. The Net Income For 2020 Of Jelly Before Anydeduction For Bonus And Income Tax Amounted To 2,200,000. The Prevailing Income Tax Rate Is 30%. How Much Is The Bonus Of The General Manager If The Bonus Is Based On Net Income After Deducting Both Bonus And Tax?

Under an incentive companesation plan, the general manager of Jelly is entitled to a year-end bonus of 10%. The net income for 2020 of Jelly before anydeduction for bonus and income tax amounted to 2,200,000. The prevailing income tax rate is 30%. How much is the bonus of the general manager if the bonus is based on net income after deducting both bonus and tax?

- November 14, 2022 - Edwin Tunner

Under an incentive companesation plan, the general manager of Jelly is entitled to a year-end bonus of 10%. The net income for 2020 of Jelly before anydeduction for bonus and income tax amounted to 2,200,000. The prevailing income tax rate is 30%.

How much is the bonus of the general manager if the bonus is based on net income after deducting both bonus and tax?

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