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Based on the following information determine the tax consequences of the bonus to both Big Blu Ltd. and Mr. Harley Blu the founder of the

Based on the following information determine the tax consequences of the bonus to both Big Blu Ltd. and Mr. Harley Blu the founder of the company. i) Big Blu Ltd.'s Year End November 5, 2017 ii) Date the bonus was declared October 17, 2017 ii) Date the bonus was paid July 12, 2018 iv) Amount of the bonus $40000

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