If Jefferson Company paid a bonus equal to 8% of net income after bonuses and the total bonus distributed was $420,000,how much was net income for the year?
A)$5,250,000
B)$5,670,000
C)$6,250,000
D)$4,320,000
E)$4,875,000

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The Answer of If Jefferson Company paid a bonus equal to 8% of net income after bonuses and the total bonus distributed was $420,000,how much was net income for the year?
A)$5,250,000
B)$5,670,000
C)$6,250,000
D)$4,320,000
E)$4,875,000

If Jefferson Company Paid a Bonus Equal to 8% of Net