The partnership contract for hanes and jones llp provides that hanes is to receive a bonus of 20% of net income (after the bonus) and that the remaining net income is to be divided equally. if the partnership income before the bonus for the year is $57,600, hanes’ share of this pre-bonus income is:
a. $28,800.
b. $33,600.
c. $34,560.
d. $35,520.
e. $38,40
Answers: 2
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The partnership contract for hanes and jones llp provides that hanes is to receive a bonus of 20% of...
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