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$15 Million in Bonus Will Be Distributed to Employees

Question 390

Short Answer

$1.5 million in bonus will be distributed to employees. Regular employees will each get an equal amount. Middle managers will get 2.5 times the regular employees bonus, while the executives get 5 times the bonus of middle managers. There are forty middle managers, 350 employees and 15 executives. Determine the bonus for regular employees, middle managers and executives.

Correct Answer:

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Regular = $2,352.94 ...

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