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Mr. John Carre owns 67% of the stock of JC Inc. and is employed as the corporation's CEO. The corporation is a calendar year, accrual
Mr. John Carre owns 67% of the stock of JC Inc. and is employed as the corporation's CEO. The corporation is a calendar year, accrual basis taxpayer. On December 14, 2013, the board of directors authorized a $45,000 year-end bonus for Mr. Carre, which was paid to him on February 1, 2014. In which year can JC Inc. deduct the bonus
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