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Posted on Sep 30, 2024

On December 3 1 , 2 0 2 4 , Red Corp., a calendar - year, accrual basis taxpayer, accrued a bonus of $ 5

On December

31, 2024,

Red Corp., a calendar

-

year, accrual basis taxpayer, accrued a bonus of $

54, 409

for one of its employee, Ross, for their performance in

2024 .

The bonus was paid on January

15, 2025 .

Ross is a

25 %

shareholder of Red Corp. What amount of the bonus can Red Corp. deduct in

2024 ?

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