Homework Answers
Correct option is B 132000
As Provided information
| Income before bonus and income tax | 22,00,000 | |
| Minimum income to be cross to eligible for bonus payment | 880000 | |
| Excess Income over the minimum income limit | 1320000 | |
| Bonus on Excess income over 880000 | 1320000×10% | 132000 |
It was provided in Question that for bonus , the income in excess of P880000 10% will be paid ,
Also provided that the above excess income to be before bonus and tax
As provided P2200000 was before bonus and income tax , hence we do not have to do any working related to tax .
As income exceed P880000 by P1320000 bonus will be calculated on this exceed income value .
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