If Jefferson Company paid a bonus equal to 6.5% of net income after bonuses and the total bonus distributed was $560,000,how much was net income for the year?

Name: If Jefferson Company paid a bonus equal to 6.5% of net income after bonuses and the total bonus distributed was $560,000,how much was net income for the year?
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The Answer of If Jefferson Company paid a bonus equal to 6.5% of net income after bonuses and the total bonus distributed was $560,000,how much was net income for the year?

If Jefferson Company Paid a Bonus Equal to 6