Bonus amount = $ 37,500
Income tax expense = $ 62,500
Step-by-step explanation:
To find the bonus, we have to calculate 15% of $ 250,000.
15% × 2,50,000
[tex]$\frac{15\times2,50,000}{100} = 37,500[/tex]
So the bonus amount is $ 37,500.
To find the income tax expense, we have to subtract bonus from the sum of bonus and income tax as,
$ 100,000 - $ 37,500 = $ 62,500
