eBook Tax Drill- Executive Compensation The millionaires' provision does not limit the amount of compensation that can be paid to an employee. Instead it does limit the amount the employer can deduct for the compensation of a covered executive to annually. Feedback Check My Work The tax law provides for the disallowance of certain types of expenses. Without specific restrictions in the tax law, taxpayers might a to deduct items that, in reality, are personal expenditures.

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