If a Company Paid $820,000 in Bonuses,and Net Income Before

question 74

Short Answer

If a company paid $820,000 in bonuses,and net income before bonus was $3,850,000,what was the bonus percentage offered to the employees during this year?

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Definitions:

Exit Interviews

A meeting or survey conducted with an employee who is leaving the company to gather feedback on their work experience and reasons for departure.

Workers' Adjustment Retraining and Notification Act

A U.S. law that requires employers to provide 60 days' notice before large-scale layoffs or plant closures.

Back Pay

The sum of money owed to an employee for work performed or as compensation for wrongful termination, often awarded following a legal or internal resolution.

Progressive Discipline

A method of managing employee performance issues through a series of escalating steps, including verbal warnings, written warnings, suspension, and finally termination.