If a Company Paid $350,000 in Bonuses,and Net Income Prior

question 69

Multiple Choice

If a company paid $350,000 in bonuses,and net income prior to the bonus was $4,200,000,what was the bonus percentage offered to the employees during 2010?

• A) 6.2%
• B) 5.7%
• C) 9.1%
• D) 8.3%
• E) 6.8%

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Definitions:

Income Distribution

The way in which a country's total economy's income is spread among its population.

Top Quintile

Refers to the top 20 percent segment in a distribution, such as income or wealth, denoting the highest earners or holders.

United States

A country in North America comprising 50 states, known for its significant impact on global politics, economy, and culture.

Quartile

A statistical term describing a division of a data set into four defined intervals based upon the values of the data and how they compare to the entire set.