If Jefferson Company Paid a Bonus Equal to 8% of Net

question 152

Multiple Choice

If Jefferson Company paid a bonus equal to 8% of net income after bonuses and the total bonus distributed was $420,000,how much was net income for the year?

• A)$5,250,000
• B)$5,670,000
• C)$6,250,000
• D)$4,320,000
• E)$4,875,000

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Definitions:

Own DNA

Refers to the self-replicating material present in nearly all living organisms as the main constituent of chromosomes, holding genetic information.

Gap Junctions

Specialized intercellular connections between a multitude of animal cell-types that permit the direct transfer of ions, molecules, and electrical impulses through regulated pores.

Plasmodesmata

Cytoplasmic channels in plant cell walls that allow for transportation and communication between cells.

Tight Junctions

Specialized connections between adjacent cells in animal tissues that prevent the passage of materials between the cells.