Lincoln Corporation provides an incentive compensation plan under which its president is to receive a bonus equal to 1 . percent of Lincoln's income in excess of $150,000 before deducting income tax but after deducting bonus. If income before income tax and bonus is $320,000 and the effective tax rate is 40 percent, the amount of the bonus should be
a. $22,174
b. $24,174
c. $34,000
d. $46,000
A
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How does Michael Shermer characterize the current state of humanity in terms of ethics?
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What will be an ideal response?