Question
C Corporation Tax Return Problem: In the Income Statement, the amount of wages and salaries is $2,300,000. This includes total officer compensation of $1,600,000. The
C Corporation Tax Return Problem:
In the Income Statement, the amount of wages and salaries is $2,300,000.
This includes total officer compensation of $1,600,000. The president of the AA Co., Mrs. B, has a salary of $1,200,000 none of which is performance-based.
What amount should I fill in the Form-1120, Line-12, Compensation of officers? Explain it.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
