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GridIron Company, a calendar year business, employs 75 employees. On December 1, 2023, it decided that it will pay bonuses to all its employees. Each

GridIron Company, a calendar year business, employs 75 employees. On December 1, 2023, it decided that it will pay bonuses to all its employees. Each employee will receive their $2,000 bonus on February 14, 2024. One of the owners who owns 65% of the company will receive his bonus of $20,000 on February 14, 2024 as well. How much can GridIron Company deduct for the bonuses on their 2023 tax return?

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