Explain and discuss the tax treatment of the following items (cite your basis in tax laws): 1. Annual base wages 2. Year-end bonuses, based on company financial performance measures, such as net income or economic value-adding (EVA) 3. Long-term equity participation, most commonly through stock options 4. Deferred compensation 5. Fringe benefits like Housing benefits, Vehicle benefits, Expense account benefits and other taxable fringe benefits 6. Employment security arrangements, such as employment contracts and golden parachutes (payments triggered by changes in the firm's ownership) 7. Stock Options 8. Dividends