Question

When are bonuses usually declared?

a.

If there are losses in the company

b.

If there are no profits available for distribution

c.

If there are profits available for distribution after taxes

d.

If there is an increase in policy premiums

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).If there are profits available for distribution after taxes Explanation:Bonuses are usually declared if there are profits available for distribution after taxes, indicating the company's profitability.

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Q. When are bonuses usually declared?
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