Strand Inc. provides an incentives compensation plan under which its president receives a bonus equal to 10% of the corporation's income in excess of P 600,000 before income tax but after deduction of the bonus. Income before tax and bonus is P 1,920,000 and the tax rate is 32%, the amount of the bonus would be *   A132,000 B.192,000 C.174,360 D.120,000

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