Problem 12-23 (LO 12-1) (Static) [The following information applies to the questions displayed below.] North Incorporated is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the following bonuses for certain employees for financial accounting purposes. $7,500 for Lisa Tanaka, a 30 percent shareholder. $10,000 for Jared Zabaski, a 35 percent shareholder. $12,500 for Helen Talanian, a 20 percent shareholder. $5,000 for Steve Nielson, a 0 percent shareholder. Unless stated otherwise, assume these shareholders are unrelated. How much of the accrued bonuses can North Incorporated deduct in year 1 under the following alternative scenarios? Note: Leave no answer blank. Enter zero if applicable. Input all amounts as positive values. Problem 12-23 Part c (Static) c. North paid the bonuses to enlovees on March 1 of year 2 and Lisa and Jared are related to each other, so they are treated as owning each other's stock in North. Deductible accrued bonuses Year 1

Problem 12-23 (LO 12-1) (Static) [The following information applies to the questions displayed below] North Incorporated is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the following bonuses for certain employees for financlal accounting purposes, - \$7,500 for Lisa Tanaka, a 30 percent shareholder. - \$10,000 for Jared Zabaski, a 35 percent shareholder. - \$12.500 for Helen Talanian, a 20 percent shareholder. - \$5,000 for Steve Nielson, a 0 percent shareholder. Unless stated otherwise, assume these shateholders are unrelated. How much of the accrued bonuses can North Incorporated deduct in year 1 under the following alternative scenarios? Note: Leave no answer blank. Enter zero if applicable. Input all omounts os positive values. Problem 12-23 Part c (Static) North paid the bonuses to ifnimene nn March 1 of year 2 arid Lisa and Jared are related to each other, so they are treated as owning each other's stock in O Ask Jasper