Mark Javier is an active partner in the Javier & Dela Rosa partnership, receives an annual bonus of 25% the  partnership profit after deducting a bonus. For the year ended, December 31, 2021, partnership income before  the bonus amounted to 200,000. The amount of bonus given to Mark Javier for the year 2021 would be? Answer: P______________   Kindly show your solution

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 12DQ
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 Mark Javier is an active partner in the Javier & Dela Rosa partnership, receives an annual bonus of 25% the 
partnership profit after deducting a bonus. For the year ended, December 31, 2021, partnership income before 
the bonus amounted to 200,000. The amount of bonus given to Mark Javier for the year 2021 would be?
Answer: P______________

 

Kindly show your solution

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