The XYZ Partnership Provides a 10% Bonus to Partner Y

question 38

Multiple Choice

The XYZ partnership provides a 10% bonus to Partner Y that is based upon partnership income,after deduction of the bonus.If the partnership's income is $140,000,how much is Partner Y's bonus allocation?

• A)$12,727
• B)$13,860
• C)$14,000
• D)$15,400

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Definitions:

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