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Business, 01.07.2020 16:01 linettepizarro1233

The manager of Brick Company is given a bonus based on income before income taxes. Net income, after taxes, is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. If FIFO is adopted instead of LIFO, the manager's bonus will be higher by $Placeholder for missing word. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?a. $2,800b. $400c. $420d. $84

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The manager of Brick Company is given a bonus based on income before income taxes. Net income, after...
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