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Business, 02.07.2019 03:20 minstcordell4115

The manager of brick company is given a bonus based on income before income taxes. net income, after taxes, is $11,200 for fifo and $9,800 for lifo. the tax rate is 30%. the bonus rate is 20%. if fifo is adopted instead of lifo, the manager's bonus will be higher by $placeholder for missing word.

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