Question

Employers are generally allowed to deduct reasonable compensation paid to employees, but the level of deductible compensation is limited to a maximum of $ ________ for the CEO, CFO, and the next three highest paid officers of publicly traded corporations unless certain exceptions are met.

Answer 1

Answer:

1 million.

Explanation:

Employers are generally allowed to deduct reasonable compensation paid to employees, but the level of deductible compensation is limited to a maximum of $ 1,000,000 for the CEO, CFO, and the next three highest paid officers of publicly traded corporations unless certain exceptions are met.