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Question(s) / Instruction(s):

Klassicland Company offers a bonus plan to its employees equal to 4% of net income. Klassicland\'s net income is expected to be $990,000. The amount of the employee bonus expense is estimated to be

a.            $38,077

b.            $39,600

c.             $34,600

d.            $38,016

e.            $44,600

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