18 (1 point) Which of the following are tax sanctions on amounts characterized as excess parachute payments? (1) no employer deduction is allowed on excess amounts (2) the person receiving the payment is subject to a penalty tax equal to 20 percent of the excess payment (3) the entire severance payment will be deemed nondeductible by the employer (4) excess amounts must be repaid within 24 months Question 18 options: a) (1) and (2) only b) (3) and (4) only c) (1) only d) (2) and (3) only