The Manager Of Weiser Is Given A Bonus Based On Net Income Before Taxes The Net

The manager of Weiser is given a bonus based on net income before taxes. The net income after taxes is $11,200 for FIFO and $9,800 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager’s bonus if FIFO is adopted instead of LIFO? Answer $500$280$400$1,400

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