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Mr. Luigi, the plant supervisor of Super Brothers Corp. is allowed a bonus of 4%...

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Accounting

Mr. Luigi, the plant supervisor of Super Brothers Corp. is allowed a bonus of 4% of income after bonus and tax. For 2019, the tax rate is 30% and income before bonus and tax amounts to $1,200,000.

Required:

Compute the amount of Mr. Luigi's 2019 bonus.

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