The employees of royal clothes achieved all of the sales goals for 2017. royal decides to reward the employees with a bonus of 15% on annual net income, after deducting the bonus. the net income before the calculation of the bonus is $318,000. what is the amount of the bonus? (round your final answer to the nearest dollar.)
If the net income was 318000 and they're going to give them a bonus of 15%, then we need to calculate how much is 15%: 100%-318000 15%-X 318000 x 15/100: 47700 15% of 318000 is 47700 then. Now we add it to the net income: 318000+47700: 365700 The bonus amount is: 365700
