The employees of Royal Clothes achieved all of the sales goals for 2017
Royal decides to reward the employees with a bonus of 20% on annual net income, after deducting the bonus. The net income before the calculation of the bonus is $312,000. What is the amount of the bonus?
A) $62,400
B) $52,000
C) $55,059
D) $12,480
B .Bonus = (Bonus % x Net income before bonus) / (1 + Bonus %)
= (20% x $312,000 ) / (1 + 20%)
= $52,000
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