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 receives a bonus of 40% of partnership income after salaries and both bonuses, and Nie receives a bonus of 20% of partnership income after salaries and both bonuses. What is Nie's bonus?

Question

Quizplus · Accepted Answer

N = 20% x ($250,000 - $180,000 - M - N)
M = 2N
N = $14,000 - 0.6N
N = $8,750

Use the Following Information to Answer Question Bellow