In order to be deductible on this years tax return, business compensation due an employee must be

Group of answer choices

Paid upon notice and demand by the employee.

Paid within 2-1/2 months after year-end by an accrual-method taxpayer.

Less than $1 million if the employer is a private (non-public) company.

Paid within 2-1/2 months after year-end by a cash-method taxpayer.