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chubhunter [2.5K]
3 years ago
13

Wanda is the Chief Executive Officer of Pink corporation, a publicly traded, calendar year C corporation. For the current year,

Wanda's compensation package consists of: Cash compensation $ 2,500,000 Nontaxable fringe benefits 250,000 Taxable fringe benefits 150,000 Bonus tied to company performance 2,000,000How much of Wanda's compensation is deductible by Pink Corporation?
Business
1 answer:
Lemur [1.5K]3 years ago
8 0

Answer:

$1,250,000

Explanation:

Given that

Cash compensation = $2,500,000

The computation of Wanda's compensation is deductible is shown below:-

Wanda's compensation is deductible = cash compensation × deductible percentage

= $2,500,000 × 50%

= $1,250,000

Therefore for computing the Wanda's compensation is deductible by Pink corporation we simply multiply the cash compensation with deductible percentage.

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Answer:

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Option B

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7 0
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Scenario II:
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You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee un-animously v
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Here the Chair of the Federal Reserve Board explained OMO for the purpose of their use in the scenario of increasing money supply, by purchasing or selling the bonds or securities of public authorities to eligible bodies for the increment of assets in banking sector to drive the expansion of deposits.

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