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Marvin Combs is 43 years old and is employed by a Canadian public company. His annual salary is $112,468. He also received $16,000 in sales

Marvin Combs is 43 years old and is employed by a Canadian public company. His annual salary is $112,468. He also received $16,000 in sales commissions. Because of his outstanding work during 2020, he has been awarded a $20,000 bonus. The bonus will be paid in 2023 and 2024 at the rate of $10,000 each year to help ensure he stays with the Company. As Marvin expects to remain at the Company for the rest of his working life, he accepts the delayed payment with no complaints and minimal misgivings.

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