The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $20,000 plus a bonus of 10 percent of income after deduction of the bonus and the salary allowance.If income is $130,000,the bonus should be:
A)$10,000
B)$11,000
C)$12,222
D)$20,000

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The Answer of The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $20,000 plus a bonus of 10 percent of income after deduction of the bonus and the salary allowance.If income is $130,000,the bonus should be:
A)$10,000
B)$11,000
C)$12,222
D)$20,000

The Terms of a Partnership Agreement Provide That One of the Partners