[The following information applies to the questions displayed below.] Jorgensen High Tech Incorporated is a calendar-year,...

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[The following information applies to the questions displayed below.] Jorgensen High Tech Incorporated is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the following bonuses for certain employees for financial accounting purposes. $40,000 for Ken. $30,000 for Jayne. $20,000 for Jill. $10,000 for Justin. How much of the accrued bonuses can Jorgensen deduct in year 1 under the following alternative scenarios? Note: Leave no answer blank. Enter zero if applicable. b. Jorgensen paid the bonuses to the employees on April 1 of year 2. Answer is complete but not entirely correct. Deductible accrued bonuses Year 1 $1,000,000 [The following information applies to the questions displayed below.] Jorgensen High Tech Incorporated is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the following bonuses for certain employees for financial accounting purposes. $40,000 for Ken. $30,000 for Jayne. $20,000 for Jill. $10,000 for Justin. How much of the accrued bonuses can Jorgensen deduct in year 1 under the following alternative scenarios? Note: Leave no answer blank. Enter zero if applicable. b. Jorgensen paid the bonuses to the employees on April 1 of year 2. Answer is complete but not entirely correct. Deductible accrued bonuses Year 1 $1,000,000

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