Mr. Luigi, the plant supervisor of Super Brothers Corp. is allowed a bonus of 4% of income after bonus and tax. For 2014, the tax rate is 30% and income before bonus and tax amounts to $1,200,000.
Required:
Compute the amount of Mr. Luigi's 2014 bonus.

Question

Quizplus · Accepted Answer

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 2014, the tax rate is 30% and income before bonus and tax amounts to $1,200,000.
Required:
Compute the amount of Mr. Luigi's 2014 bonus.

Mr Luigi, the Plant Supervisor of Super Brothers Corp