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17 This year, Mrs. Pike's compensation from her corporate employer consisted of $325,000 current salary and $75,000 unfunded deferred compensation payable upon her retirement at

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This year, Mrs. Pike's compensation from her corporate employer consisted of $325,000 current salary and $75,000 unfunded deferred compensation payable upon her retirement at age 66. Which of the following statements is true? Multiple Choice O This year, Mrs. Pike must include $400,000 in gross income, and her employer is allowed a $400,000 deduction. This year, Mrs. Pike must include $325,000 in gross income, and her employer is allowed a $400,000 deduction. This year, Mrs. Pike must include $400,000 in gross income, and her employer is allowed a $325,000 deduction. O

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