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Consistent with IRS revenue code 162(m), companies were able to deduct non-performance-based compensation for a single executive to the extent that it does not exceed
Consistent with IRS revenue code 162(m), companies were able to deduct non-performance-based compensation for a single executive to the extent that it does not exceed $1 million. Under the new Tax Cuts and Jobs Act, this limit has been
Multiple Choice
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a. increased to $10 million.
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b. increased to $5 million.
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c. decreased to $500,000.
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d. eliminated.
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