If Steve Company paid $350,000 in bonuses,and net income prior to the bonus was $4,200,000,what was the bonus percentage offered to the employees during 2010?
A)6.2%
B)5.7%
C)9.1%
D)8.3%
E)6.8%

Name: If Steve Company paid $350,000 in bonuses,and net income prior to the bonus was $4,200,000,what was the bonus percentage offered to the employees during 2010? A)6.2% B)5.7% C)9.1% D)8.3% E)6.8%
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Question

Quizplus · Accepted Answer

350,000=X(4,200,000-350,000); 350,000 = X(3,850,000); 350,000/3,850,000= .091 (rounded)

If Steve Company Paid $350,000 in Bonuses,and Net Income Prior