1) Comp assign.

North Incorporated is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the following bonuses for certain employees for financial accounting purposes.

$11,050 for Lisa Tanaka, a 20 percent shareholder.

$18,100 for Jared Zabaski, a 35 percent shareholder.

$20,800 for Helen Talanian, a 30 percent shareholder.

$7,250 for Steve Nielson, a 5 percent shareholder.

Unless stated otherwise, assume these shareholders are unrelated.

How much of the accrued bonuses can North Incorporated deduct in year 1 under the following alternative scenarios?

Note: Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.

Required:

1) North paid the bonuses to the employees on March 1 of year 2. What is the deductible accrued in year 1?

2) North paid the bonuses to the employees on April 1 of year 2. What is the deductible accrued in year 1?

3) North paid the bonuses to employees on March 1 of year 2 and Lisa and Jared are related to each other, so they are treated as owning each other's stock in North. What is the deductible accrued in year 1?

4) North paid the bonuses to employees on March 1 of year 2 and Lisa and Helen are related to each other, so they are treated as owning each other's stock in North. What is the deductible accrued in year 1?