Mr. Luigi, the plant supervisor of Super Brothers Corp. is allowed a bonus of 4% of income after bonus and tax. For 2015, the tax rate is 30% and income before bonus and tax amounts to $1,200,000.
Required:
Compute the amount of Mr. Luigi's 2015 bonus.

Question

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The Answer of Mr. Luigi, the plant supervisor of Super Brothers Corp. is allowed a bonus of 4% of income after bonus and tax. For 2015, the tax rate is 30% and income before bonus and tax amounts to $1,200,000.
Required:
Compute the amount of Mr. Luigi's 2015 bonus.

Mr Luigi, the Plant Supervisor of Super Brothers Corp