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As an Incentive, Wilson Enterprises Awards an Annual Bonus to Its

Question 62

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As an incentive, Wilson Enterprises awards an annual bonus to its branch managers. This year, the bonus for the Glendale branch was $44,000. The bonus agreement provides that each branch manager receives a bonus of 14 percent of the branch income after deductions for the bonus and for income taxes. The income tax rate is 30 percent.
Determine the income for the Glendale branch before the deductions for the bonus and the income taxes.

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Let B = Bonus, T = Income Taxes, and I =...

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