Use the following information to answer Question bellow:
Partners Mann and Nie receive a yearly salary of $100,000 and $80,000, respectively. Partnership income for the year, before any distributions to partners, is $250,000. Assume full implementation.
-Mann and Nie each receive a bonus of 20% of partnership income after salaries and both bonuses. What is Mann's bonus?
A) $10,000
B) $11,667
C) $12,333
D) $14,000
Correct Answer:
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