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On xxx, 2017, C Corp (accrual basis) declared the following bonuses for employees: Employee A (non-owner) $xxx Employee B (xx% shareholder) $xxx Employee C (XX%
On xxx, 2017, C Corp (accrual basis) declared the following bonuses for employees:
Employee A (non-owner) $xxx
Employee B (xx% shareholder) $xxx
Employee C (XX% shareholder) $xxx
All bonuses were paid in xxx,2018. HOW MUCH CAN C CORP DEDUCT ON ITS TAX RETURN?
( my prof. wants us to create the xxx parts then soive the problem)
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