The Manager of Weiser Is Given a Bonus Based on Net

question 99

Multiple Choice

The manager of Weiser is given a bonus based on net income before taxes.The net income after taxes is $59,500 for FIFO and $49,000 for LIFO.The tax rate is 30%.The bonus rate is 20%.How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

• A)$15,000
• B)$21,000
• C)$3,000
• D)$10,500

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Definitions:

Different Strategies

Various approaches or plans of action designed to achieve a specific goal or solve a particular problem.

Pessimistic Strategies

Approaches or methods based on expecting unfavorable outcomes or emphasizing negative aspects of situations.

Optimistic Strategies

Approaches or methods that involve a positive and hopeful attitude towards achieving goals or facing challenges.

Strategy Use

Involves the application of plans or methods to achieve specific goals, especially in learning or problem-solving contexts.