B is corrent. The problem states that the bonus is 25% of partnership net income after deducting the bonus. The solutions approach is to write an equation and solve for the bonus (B). | B | = | % (NI − B) | | B | = | .25($300,000 − B) | | B | = | $75,000 − .25B | | 1.25B | = | $75,000 | | B | = | $60,000 |
A is incorrect. The problem states that the bonus is 25% of partnership net income after deducting the bonus. The solutions approach is to write an equation and solve for the bonus (B). | B | = | % (NI − B) | | B | = | .25($300,000 − B) | | B | = | $75,000 − .25B | | 1.25B | = | $75,000 | | B | = | $60,000 |
C is incorrect. The problem states that the bonus is 25% of partnership net income after deducting the bonus. The solutions approach is to write an equation and solve for the bonus (B). | B | = | % (NI − B) | | B | = | .25($300,000 − B) | | B | = | $75,000 − .25B | | 1.25B | = | $75,000 | | B | = | $60,000 |
D is incorrect. The problem states that the bonus is 25% of partnership net income after deducting the bonus. The solutions approach is to write an equation and solve for the bonus (B). | B | = | % (NI − B) | | B | = | .25($300,000 − B) | | B | = | $75,000 − .25B | | 1.25B | = | $75,000 | | B | = | $60,000 |
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