Baker, a Branch Manager, Is Allowed a Bonus of 10

question 15

Multiple Choice

Baker, a branch manager, is allowed a bonus of 10% of income after bonus and tax.If the tax rate is 30% and income before bonus and tax is $200, 000, what is Mr.Baker's bonus?

• A)$13, 084
• B)$14, 000
• C)$14, 433
• D)$20, 000

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Definitions:

Technological Advances

Progressive developments and innovations in technology that enhance efficiency, capabilities, and various aspects of life.

Ranching

The business of raising livestock, such as cattle or sheep, on large tracts of land.

Mining

The process or industry of extracting minerals, coal, or other geological materials from the earth, typically from an ore body, lode, vein, seam, or reef.

Economic Systems

Organized ways societies distribute resources, produce goods and services, and allocate them among their populations.