The manager of Stone Company is given a bonus based on income before income taxes. Net income after taxes is $11500 for FIFO and $10100 for LIFO. The tax rate is 30%. The bonus rate is 15%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
A) $63
B) $2100
C) $300
D) $420

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The Answer of The manager of Stone Company is given a bonus based on income before income taxes. Net income after taxes is $11500 for FIFO and $10100 for LIFO. The tax rate is 30%. The bonus rate is 15%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
A) $63
B) $2100
C) $300
D) $420

The Manager of Stone Company Is Given a Bonus Based