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  • Feb 1, 2012, 11:13 AM
    T_Armijo24
    The manager of company A is given a bonus based on income before income taxes. Net in
    The manager of company A is given a bonus based on income before income taxes. Net income, after taxes is 5600.00 for FIFO and 5040.00 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus is FIFO is adopted instead of LIFO?

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