The manager of Worley is given a bonus based on net income before taxes. The net income after taxes is $5,600 for FIFO and $4,900 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
A)	$250
B)	$140
C)	$200
D)	$700
Answer:B
The manager of Worley is given a bonus based on net income before taxes. The net income after taxes is $5,600 for FIFO and $4,900 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
A)	$250 B)	$140 C)	$200 D)	$700